Home / Top News / PROSIGHT (PROS) STOCKHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of ProSight Global, Inc. Following Agreement to Sell the Company
PROSIGHT (PROS) STOCKHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of ProSight Global, Inc. Following Agreement to Sell the Company
PHILADELPHIA, Feb. 01, 2021 (GLOBE NEWSWIRE) Kaskela Law LLC announces that it is investigating ProSight Global, Inc. (NYSE: PROS) (“ProSight” or “the Company”) on behalf of the Company’s stockholders.
ProSight stockholders
or by email at
for additional information about this investigation and their legal rights and options.
On January 15, 2021, ProSight announced that it had entered into an agreement to be acquired by TowerBrook Capital Partners L.P. (“TowerBrook”) and Further Global Capital Management (“Further Global”) at a price of $12.85 per share in cash. Following the closing of the proposed transaction, shares of ProSight’s commo
ProSight Global, Inc. (NYSE: PROS)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
ProSight Global, Inc. (NYSE: PROS) in connection with the proposed acquisition of the Company by TowerBrook Capital Partners L.P. ( TowerBrook ), and Further Global Capital Management ( Further Global ). Under the terms of the merger agreement, affiliates of TowerBrook and Further Global will acquire all outstanding shares of common stock of PROS for $12.85 per share in cash. If you own PROS shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:
15-06-2020
ProSight Global is to be acquired by private equity firms TowerBrook Capital Partners and Further Global Capital Management in an all-cash transaction valued at $586 million. Meanwhile, the US specialty insurer has entered into a reinsurance deal with Bermuda-based Enstar Group.
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TowerBrook Capital and Further Global Capital Take ProSight Global Private
Posted on 01/16/2021
ProSight Global, Inc. was formed in 2009 and headquartered in Morristown, New Jersey. ProSight is a property and casualty insurance company writing a diverse mix of admitted and non-admitted specialty lines of business in all 50 states.
TowerBrook Capital Partners L.P. and Further Global Capital Management signed an agreement on January 15, 2021 to acquire all outstanding shares of common stock of ProSight Global, Inc., a domestic specialty insurance company, in an all-cash transaction valued at approximately US$ 586,000,000.
Under the terms of the agreement, ProSight stockholders will receive $12.85 per share of common stock, which represents a 42% premium to the closing share price as on September 23, 2020, the last trading day prior to media reports about a possible acquisition by TowerBrook. TowerBrook will acquire a majority stake in ProSight, with Further Global serving as a key