OneStream Inc. didn’t provide enough information about how private equity firm Hg persuaded the financial platform’s founder to accept a $6.4 billion takeover offer, an investor alleges.
The merger should be halted until OneStream “issues curative disclosures that fully address the deficiencies,” Sonal Rana says. She filed her complaint Feb. 20 in the US District Court for the Northern District of Illinois.
Rana sued OneStream, its founder, CEO and board chairman Thomas Shea, and eight other directors, including retired US Army general David Petraeus.
Shea was somehow persuaded to accept the $24 per share offered by Hg and would-be ...
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