Model N, Inc. (MODN)
After hours:
| Previous close | 29.65 |
| Open | 29.74 |
| Bid | 0.00 x 2200 |
| Ask | 0.00 x 2200 |
| Day's range | 29.71 - 29.82 |
| 52-week range | 20.90 - 35.96 |
| Volume | |
| Avg. volume | 579,517 |
| Market cap | 1.175B |
| Beta (5Y monthly) | 0.70 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.83 |
| Earnings date | 07 May 2024 - 13 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 30.00 |
- Reuters
ClearBridge asks Model N to reconsider $1.25 billion deal with Vista
Model N last week agreed to be taken private by investment firm Vista Equity for about $1.25 billion. "We believe the proposed acquisition materially undervalues Model N's outlook as a public company or value to strategic or financial buyers," ClearBridge said in its letter to Model N. The equity manager said the board and the company's advisers should remain open minded to potentially superior offers or Model N shareholders should consider the potential long-term value creation in staying a standalone public entity.
- Reuters
UPDATE 1-ClearBridge asks Model N to reconsider $1.25 bln deal with Vista
Global equity manager ClearBridge Investments said on Monday it has urged Model N's board to reconsider the proposed acquisition of the healthcare IT firm by Vista Equity Partners. Model N last week agreed to be taken private by investment firm Vista Equity for about $1.25 billion. "We believe the proposed acquisition materially undervalues Model N's outlook as a public company or value to strategic or financial buyers," ClearBridge said in its letter to Model N.
- Business Wire
ClearBridge Investments Sends Letter Urging Board of Directors of Model N, Inc. to Reconsider Proposed Acquisition by Vista Equity Partners
NEW YORK, April 15, 2024--ClearBridge Investments sends letter to Model N, Inc. to urge Board of Directors to reconsider recently announced agreement to be acquired.
