SHAREHOLDER NEWS: Johnson Fistel Investigates Proposed Sale of HireRight; Are Shareholders Getting a Fair Deal?
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of HireRight Holdings (NYSE: HRT) breached their fiduciary duties in connection with the proposed sale of the Company to the investment funds affiliated with General Atlantic and Stone Point Capital.
On February 16, 2024, HireRight announced that it had entered a deal to merge with General Atlantic and Stone Point Capital. Under the terms of the deal, HireRight shareholders will receive $14.35 per share in an all-cash offer.
The investigation concerns whether the HireRight board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for HireRight shares of common stock. Nationally recognized, Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given analysts’ projections for future earnings growth and last year HireRight shares traded over $18, just two years ago.
If you are a shareholder of HireRight. and believe the proposed buyout price is too low or you’re interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.
Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com