|Company name||Cision Ltd.|
NEW YORK, November 22, 2019 – Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, has launched an investigation into whether the board members of Cision Ltd. (NYSE: CISN) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed sale to an affiliate of Platinum Equity LLC.
On October 22, 2019, Cision announced that it had signed an agreement to be acquired by Platinum Equity for $10 per share in cash, or a total of approximately $2.74 billion. The deal is scheduled to close in the first quarter of 2020. Bragar Eagel & Squire is concerned that Cision’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Indeed, Cision’s stock has recently traded well above the $10 per share deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Cision shareholders.