This inquiry stems from Bain Capital's recent announcement that it has agreed and approved a cash transaction to acquire PowerSchool Holdings at a valuation of $5.6 billion. One of the main concerns of the investigation is that the transaction's terms significantly favor major investors, including existing stakeholders Vista Equity and Onex, who collectively own 63% of the Company’s outstanding shares and will maintain minority interests post-deal. This structure potentially undermines the interests of minority stockholders while conferring unique benefits to the Company’s controlling stockholders.
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