NEW YORK, Aug. 9, 2016 /PRNewswire/ -- On August 9, 2016, Press Ganey (NYSE: PGND) announced that it is being acquired by the private equity firm, EQT Equity for $40.50 in cash per share. According to Carl Stine, who is a partner at Wolf Popper LLP, "With insiders owning a majority of the shares, it is not surprising that the management of Press Ganey, which will undoubtedly team up with EQT, has decided to sell the company at such a low price." The offer price is only a premium of less than 1% from yesterday's closing price.
Wolf Popper is investigating claims on behalf of investors in Press Ganey concerning the transaction. Press Ganey's shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or firstname.lastname@example.org.