Investigation of Potential Action on Behalf of Current of Medallia, Inc. (NYSE: MDLA) (“Medallia”) Shareholders
Kessler Topaz Meltzer & Check, LLP is currently investigating claims on behalf of current shareholders of Medallia in connection with the recently announced sale of the company to Thoma Bravo. Medallia provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. The company's platform utilizes deep learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital, and Internet of Things interactions.
On July 26, 2021, Medallia announced that it had entered into an agreement to be acquired by private equity firm Thoma Bravo at a price of $34.00 per share in cash. Notably, shares of Medallia’s stock traded above $45.00 per share as recently as February 2021. Following the closing of the proposed transaction, shares of Medallia’s stock will no longer be publicly traded.
Kessler Topaz’s investigation seeks to determine whether the proposed transaction provides adequate compensation to Medallia stockholders, and whether Medallia’s officers and/or directors violated securities laws or breached their fiduciary duties to its stockholders in connection with the agreement to be acquired by Thoma Bravo.
If you currently own shares of Medallia, Inc. (NYSE: MDLA), and would like to learn more about our investigation, please fill out our online form or contact James Maro at (484) 270-1453; toll free at (844)-887-9500; or via email at info@ktmc.com.