(FOCS): Johnson Fistel Investigates Proposed Sale of Focus Financial Partners Corp; Is $53.00 a Fair Price?
On February 27, 2023, Focus announced that it had entered a deal with Clayton Dubilier & Rice.
- On February 27, 2023, Focus announced that it had entered a deal with Clayton Dubilier & Rice.
- Under the terms of this agreement, shareholders will receive $53.00 per share in an all-cash offer.
- Nationally recognized, Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst had a $55.00 price target on the stock.
- Additionally, Focus was once valued at over $67 a share in late 2020 and has had steadily increasing revenue YOY since 2019.