Shareholder Alert: Ademi LLP investigates whether New Relic, Inc. has obtained a Fair Price in its transaction with Francisco Partners and TPG Capital

MILWAUKEE, Aug. 1, 2023 /PRNewswire/ -- Ademi LLP is investigating New Relic (NYSE: NEWR) for possible breaches of fiduciary duty and other violations of law in its transaction with Francisco Partners and TPG Capital. 

Click here to learn how to join the action https://www.ademilaw.com/case/new-relic-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, New Relic stockholders are expected to receive only $87.00. However, approximately 20% of the shares of New Relic held by institutions and former management will be rolled over. The transaction agreement unreasonably limits competing transactions for New Relic by imposing a significant penalty if New Relic accepts a competing bid. New Relic insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of New Relic's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own New Relic common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/new-relic-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                    
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP