ClearBridge Investments Sends Letter Urging Board Of Directors Of Model N, Inc. To Reconsider Proposed Acquisition By Vista Equity Partners

Benzinga · Apr 15 15:01

ClearBridge Investments, Inc. has sent a letter to the Chairman of the Board of Model N, Inc. (NYSE:MODN). The purpose of the letter is to urge Model N's Board of Directors to reconsider its recently announced agreement to be acquired by Vista Equity Partners.

Dear Mr. Dail and Members of the Model N Board of Directors,

We are writing on behalf of several strategies at ClearBridge Investments, a $188 billion global equity manager, to offer our thoughts on the proposed acquisition of Model N by Vista Equity Partners. We own 6.97% of the outstanding common stock of Model N as...

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ClearBridge Investments Sends Letter Urging Board Of Directors Of Model N, Inc. To Reconsider Proposed Acquisition By Vista Equity Partners

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