Johnson Fistel Investigates Fairness of Proposed Sale of AvidXchange Holdings to TPG Inc.

SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of AvidXchange Holdings, Inc. (NASDAQ: AVDX) breached their fiduciary duties in connection with the proposed sale of the Company to TPG Inc. (NASDAQ: TPG). On May 6, 2025, AvidXchange entered into a definitive agreement pursuant to which TPG will acquire all outstanding shares of the Company. Under the terms of the agreement, each holder of the Company’s c ...