Convey Health Solutions Holdings, Inc. (NYSE:CNVY) Shareholder Notice: Investigation of Takeover

An investigation on behalf of investors of Convey Health Solutions Holdings, Inc. (NYSE:CNVY) in connection with the proposed takeover was announced.

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San Diego, CA -- (SBWire) -- 06/28/2022 --An investigation was announced for investors, who currently hold shares of Convey Health Solutions Holdings, Inc. (NYSE: CNVY), concerning whether the takeover of Convey Health Solutions Holdings, Inc. is unfair to NYSE: CNVY stockholders.

Investors who purchased shares of Convey Health Solutions Holdings, Inc. (NYSE: CNVY) and currently hold any of those NYSE: CNVY shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Convey Health Solutions Holdings, Inc. breached their fiduciary duties owed to NYSE: CNVY investors in connection with the proposed acquisition.

Fort Lauderdale, FL based Convey Health Solutions Holdings, Inc. provides technology enabled solutions and advisory services to assist its clients with workflows across product developments, sales, member experience, clinical management, core operations, and business intelligence and analytics.

On June 21, 2022, Convey Health Solutions Holdings, Inc. (NYSE: CNVY) announced that it has entered into a merger agreement pursuant to which TPG Capital, the private equity platform of global alternative asset management firm TPG ("TPG") and Convey's principal shareholder, will acquire all of the outstanding shares of Convey common stock not currently owned by TPG or certain management and director shareholders for $10.50 per share in cash, representing an enterprise value of approximately $1.1 billion.

However, given that at least one analyst has set the high price target for NYSE:CNVY shares at $11.00 per share, the investigation concerns whether the offer is unfair to Convey Health Solutions Holdings, Inc. (NYSE: CNVY stockholders. More specifically, the investigation concerns whether the Convey Health Solutions Holdings, Inc. (NYSE: CNVY Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in Convey Health Solutions Holdings, Inc. (NYSE: CNVY) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Media Relations Contact

Michael Daniels
Shareholders Foundation
1-858-779-1554
https://www.shareholdersfoundation.com/

View this press release online at: http://rwire.com/1359795