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AVDX STOCKHOLDER NOTICE: Kaskela Law LLC Announces Investigation of AvidXchange Holdings, Inc. (NASDAQ: AVDX) Proposed Stockholder Buyout and Encourages Investors to Contact the Firm

1. AvidXchange is set to be acquired at $10.00 per share. 2. Kaskela Law is investigating the buyout for fairness and fiduciary duties. 3. Analysts previously targeted a price of $15.00 per share for AVDX. 4. Investors are encouraged to contact Kaskela Law for legal options. 5. The acquisition will make AvidXchange a privately-owned entity.

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FAQ

Why Bearish?

The buyout price of $10.00 is significantly lower than prior analyst targets, indicating potential undervaluation. Historical cases, like the buyout of Zynga, often led to legal inquiries when initial buyout offers diverge from expected valuations.

How important is it?

The fairness investigation and price comparison to analyst targets suggest significant investor concern, potentially affecting AVDX's market perception.

Why Short Term?

The immediate effect of the investigation and price disparity could result in volatility in AVDX share prices. Similar past events demonstrated rapid market reactions during acquisition investigations.

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PHILADELPHIA, May 07, 2025 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the fairness of the recently announced proposed buyout of AvidXchange Holdings, Inc. (NASDAQ: AVDX) (“AvidXchange”) shareholders. Click here for additional information: https://kaskelalaw.com/case/avidxchange/ On May 6, 2025, AvidXchange announced that it had agreed to be acquired by an investment group led by private equity firm TPG at a price of $10.00 per share in cash. Following the closing of the proposed transaction, AvidXchange’s shareholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded. The investigation seeks to determine whether AvidXchange’s investors will be receiving sufficient monetary consideration for their shares, and whether the company’s officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to the buyout price. Notably, at the time the proposed transaction was announced, at least two stock analysts were maintaining a $15.00 per share price target for AvidXchange’s shares. AvidXchange shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750 for additional information about this investigation and their legal rights and options. Alternatively, investors may submit their information to the firm by clicking on the following link (or if necessary, by copying and pasting the link into your browser): https://kaskelalaw.com/case/avidxchange/ Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis, which means that the firm’s clients never pay any out-of-pocket costs for legal representation. For additional information about Kaskela Law LLC, including the firm’s recent notable recoveries for investors, please visit www.kaskelalaw.com. CONTACT:

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