SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Manning & Napier, Inc. and Encourages Current Investors to Contact the Firm – MN - GlobeNewswire
PHILADELPHIA, April 18, 2022 (GLOBE NEWSWIRE) -- Investor protection law firm Kaskela Law LLC announces that it is investigating Manning & Napier, Inc. (NYSE: MN) on behalf of the company’s shareholders.
On April 1, 2022, Manning & Napier announced that it had agreed to be acquired by Callodine Group, LLC (“Callodine”) at a price of $12.85 per share. Following the closing of the proposed transaction, shares of Manning & Napier’s stock will no longer be publicly traded.
The investigation seeks to determine whether the members of Manning & Napier’s Board of Directors violated the securities laws or breached their fiduciary duties by failing to maximize the buyout price for MN investors, and whether Manning & Napier shareholders are being provided with all material information about the proposed transaction.
Manning & Napier shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]) or online at https://kaskelalaw.com/cases/manning-napier-inc/ ,for additional information about this investigation and their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 – 0750
(888) 715 – 1740
www.kaskelalaw.com
source: https://www.globenewswire.com/news-release/2022/04/18/2423679/0/en/SHAREHOLDER-ALERT-Kaskela-Law-LLC-Announces-Investigation-of-Manning-Napier-Inc-and-Encourages-Current-Investors-to-Contact-the-Firm-MN.html
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