Onex Corp. owns 43 per cent of PowerSchool and U.S.-based Vista Equity Partners holds close to a 21-per-cent stake, according to a PowerSchool filing as of April, 2024
Bain said Friday it will pay US$22.80 a share for PowerSchool, which the investment firm said is a 37-per-cent premium to the share price on May 7, the day before media reports emerged about the deal, sending the stock price higher.owns 43 per cent of PowerSchool and U.S.-based Vista Equity Partners holds close to a 21-per-cent stake, according to a PowerSchool filing as of April, 2024.
Bain said the PowerSchool board has approved the merger agreement and shareholders holding a majority of the outstanding voting shares also approved the deal by written consent, which means no further shareholder approval is required.
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