Smartsheet Inc. (NYSE - SMAR)

Smartsheet Inc. (NYSE – SMAR)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Smartsheet Inc. (NYSE – SMAR)

BALA CYNWYD – September 24, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Smartsheet Inc. (“Smartsheet” or the “Company”) (NYSE – SMAR) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the acquisition of the Company by funds managed by Blackstone and Vista Equity Partners (the “Buyers”) in an all-cash transaction valued at approximately $8.4 billion. Under the terms of the agreement, the Buyers would acquire all the outstanding shares held by Smartsheet shareholders for $56.50 per share in cash upon the closing of the proposed transaction.

The investigation concerns whether the Smartsheet Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration offers fair value to the Company’s shareholders.

If you own shares of Smartsheet stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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