By Sarah Jarvis (May 27, 2022, 7:38 PM EDT) — Health improvement company Tivity Health Inc. has been hit with a pair of investor suits seeking to block its $2 billion planned acquisition by private equity firm Stone Point Capital, with the investors saying Tivity omitted material information about the company’s financial projections.
According to a suit filed Thursday by investor Marc Waterman and a related suit filed May 20 by investor Matthew Hopkins, Tivity left out of a proxy statement the line items underlying the financial projections and material information about the financial analyses conducted by Tivity’s financial adviser, Lazard.
While Waterman’s suit references a proxy statement filed May 24, Hopkins’…
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