SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Inovalon Holdings, Inc. (INOV) and Encourages Shareholders to Contact the Firm
Philadelphia, Pennsylvania--(Newsfile Corp. - August 27, 2021) - Kaskela Law LLC is investigating Inovalon Holdings, Inc. ("Inovalon" or the "Company") (NASDAQ: INOV) on behalf of the company's stockholders.
On August 9, 2021, Inovalon announced that it had entered into an agreement to be acquired by an equity consortium led by Nordic Capital. Under the terms of the proposed agreement, Inovalon stockholders are expected to receive $41.00 per share in cash for each share of INOV common stock that they own. Following the closing of the transaction, Inovalon will become a private company and its stock will no longer be publicly traded.
The investigation seeks to determine whether Inovalon's board of directors breached their fiduciary duties in connection with the proposed transaction, and whether $41.00 per share provides investors with sufficient consideration for their INOV shares.
Inovalon stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585, or by email at email@example.com, to discuss this investigation and their legal rights and options. Stockholders may also visit https://kaskelalaw.com/cases/inovalon-holdings-inc/ for additional information.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. The firm litigates investor actions in state and federal courts throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 - 1585
This notice may constitute attorney advertising in certain jurisdictions.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94633