PHILADELPHIA, PA / ACCESSWIRE / August 26, 2024 / Kaskela Law LLC announces that it is investigating Sharecare, Inc. (NASDAQ:SHCR) on behalf of the company's investors.
On June 21, 2024, ShareCare announced that it had agreed to be acquired by investment firm Altaris, LLC at a price of $1.43 per share in cash. Following the closing of the proposed transaction, ShareCare's shareholders will be cashed out of their investment position and the company's shares will no longer be publicly traded.
The investigation thus far has revealed that the process leading up to the announcement of the buyout appears to have significant conflicts of interest, thus making the sales process as well as the price-per-share appear unfair to the company's shareholders. Notably, prior to the announcement of the proposed transaction, at least one stock analyst was maintaining a price target for SHCR shares of over $2.00 per share.
Sharecare shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) for additional information about this investigation and their legal rights at (484) 229 - 0750, or by clicking on the following link (or if necessary, by copying and pasting the link into your browser):
https://kaskelalaw.com/cases/sharecare/
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 - 1740
(484) 229 - 0750
www.kaskelalaw.com
This notice may constitute attorney advertising in certain jurisdictions.
SOURCE: Kaskela Law LLC