SoundThinking sale at $8 draws investigations from Monteverde and Halper Sadeh

  • Monteverde and Halper Sadeh are investigating SoundThinking's proposed sale to Transom Capital Group affiliates.
  • SoundThinking shareholders are expected to receive $8.00 in cash plus one non-transferable CVR worth up to $3.00 per share.
  • Halper Sadeh is reviewing potential securities-law and fiduciary-duty issues and may seek increased consideration or other shareholder benefits.

Monteverde & Associates PC and Halper Sadeh LLC are investigating SoundThinking, Inc.'s proposed sale to affiliates of Transom Capital Group. Shareholders are expected to receive $8.00 per share in cash plus one non-transferable contingent value right worth up to $3.00 per share. Halper Sadeh said it is examining potential federal securities-law violations, breaches of fiduciary duties, restrictions on superior competing offers and possible insider benefits, and may seek higher consideration, additional disclosures or other shareholder relief.

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