Everbridge Sued Over Proxy for $1.8 Billion Thoma Bravo Buyout

Everbridge Inc. and its directors filed an incomplete proxy for Thoma Bravo’s proposed $1.8 billion buyout of the company, lacking key metrics and potential conflicts of interest, according a shareholder suit seeking to block the deal.

The software company’s proxy statement was also lacking important financial projections and analyses underlying financial adviser Qatalyst Partners LP’s evaluation of the proposed deal, which is scheduled for a vote on April 25, the complaint said. The lawsuit was filed Tuesday in US District Court for the District of Delaware.

The proposed deal announced by the parties on Feb. 4, and increased on ...