ClearBridge Investments asks Model N to reconsider deal with Vista Equity

Model N

15/04/2024 21:12

April 15 (Reuters) - Global equity manager ClearBridge
Investments said on Monday it has urged healthcare IT firm Model
N's  MODN.N  board to reconsider its proposed acquisition by
Vista Equity Partners.
    "We believe the proposed acquisition materially undervalues
Model N's outlook as a public company or value to strategic or
financial buyers," ClearBridge said in its letter to Model N.

 (Reporting by Christy Santhosh in Bengaluru; Editing by Shilpi
Majumdar)
 ((Christy.Santhosh@thomsonreuters.com;))