An investor sued Alteryx Inc. over concerns that its planned $4.4 billion private equity buyout may be an underpriced transaction driven by the interests of the analytics company’s founder.
The lawsuit, filed in Delaware, seeks records from Alteryx to investigate the sale to Clearlake Capital Group LP and Insight Venture Management LLC. The deal appears to represent an effort by executive chairman Dean Stoecker to cash out before the automatic conversion of his Class B shares into ordinary stock diminishes his 51% voting power, according to the complaint. Stoecker allegedly owns 10% of the company.
The case echoes a recurring ...
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