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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 agrees to a $10.00 per share buyout by TPG. 2. Investigation launched to assess fairness of the buyout price. 3. Analysts previously targeted AVDX shares at $15.00 each. 4. Shareholders will be cashed out post-transaction. 5. Legal representatives evaluate potential fiduciary duty breaches.

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FAQ

Why Bearish?

The buyout offer of $10.00 is significantly lower than the $15.00 target, raising concerns about undervaluation. Historical cases have shown that acquisitions investigated for fairness often lead to price corrections and increases due to negotiations or legal discoveries.

How important is it?

Current events directly involve AVDX's valuation and potential shareholder concerns, affecting investor sentiment. The ongoing investigation could substantially impact the stock's perception of value.

Why Short Term?

Investigations into buyouts can lead to immediate price volatility as investors react. Past incidents showed that shareholder activism can alter buyout terms quickly.

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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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