Latest news with #OloInc


Business Wire
11-07-2025
- Business
- Business Wire
OLO BREAKING NEWS: BFA Law Announces Olo Inc.'s Board is being Investigated for Potential Breaches of its Fiduciary Duty in Connection with the $10.25 Merger Price
NEW YORK--(BUSINESS WIRE)--Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Olo Inc. (NYSE: OLO), its board of directors, its executive officers, and founder and current CEO Noah H. Glass for potential breaches of their fiduciary duties to shareholders in connection with the pending sale of Olo to Thoma Bravo Discover Fund IV, L.P. ('Thoma Bravo') for $10.25 per share. Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Olo Inc. (NYSE: OLO), its board of directors, its executive officers, and founder and current CEO Noah H. Glass for potential breaches of their fiduciary duties. Share If you are a current shareholder of Olo, you are encouraged to obtain additional information by visiting: Why is Olo being Investigated? Olo is an open SaaS platform for restaurants that powers restaurant brands' on-demand digital commerce operations, enabling digital ordering, delivery, engagement, and payments. Olo common stock is divided into Class A and Class B shares. Class A shares are publicly traded, whereas Class B shares are not. Class B shares receive ten votes per share, while Class A shares receive only one vote. As of December 31, 2024, 'directors and executive officers and their affiliates collectively beneficially owned, in the aggregate, shares representing approximately 82% of the voting power of our outstanding capital stock.' On July 3, 2025, Olo announced that it had entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valuing Olo at approximately $2 billion in equity value. Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash. The per-share purchase price purportedly represents a premium of 65% over Olo's unaffected share price of $6.20 as of April 30, 2025. BFA Law is investigating whether Olo's board of directors, its executive officers, and/or Glass breached their fiduciary duties to shareholders in connection with the merger. Click here for more information: What Can You Do? If you are a current holder of Olo you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named 'Elite Trial Lawyers' by the National Law Journal, among the top '500 Leading Plaintiff Financial Lawyers' by Lawdragon, 'Titans of the Plaintiffs' Bar' by Law360 and 'SuperLawyers' by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes.


Associated Press
09-07-2025
- Business
- Associated Press
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CORZ, OLO, PBBK on Behalf of Shareholders
NEW YORK, July 09, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Core Scientific (NASDAQ: CORZ)'s sale to CoreWeave for 0.1235 newly issued shares of CoreWeave Class A common stock for each share of Core Scientific common stock. Upon closing of the proposed transaction, Core Scientific shareholders will own less than 10% of the combined company. If you are a Core Scientific shareholder, click here to learn more about your rights and options. Olo Inc. (NYSE: OLO)'s sale to Thoma Bravo for $10.25 per share in cash. If you are an Olo shareholder, click here to learn more about your legal rights and options. PB Bankshares, Inc. (NASDAQ: PBBK)'s sale to Norwood Financial Corp. Under the terms of the proposed transaction, PB Bankshares' shareholders will have the option to elect to receive either 0.7850 shares of Norwood common stock or $19.75 in cash for each common share of PB Bankshares they own. If you are a PB Bankshares shareholder, click here to learn more about your legal rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLC Daniel Sadeh, Esq. Zachary Halper, Esq. One World Trade Center 85th Floor New York, NY 10007 (212) 763-0060 [email protected] [email protected]


Associated Press
05-07-2025
- Business
- Associated Press
OLO INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Olo Inc.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Jul 4, 2025-- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ('KSF') are investigating the proposed sale of Olo Inc. (NYSE: OLO) to Thoma Bravo. Under the terms of the proposed transaction, shareholders of Olo will receive $10.25 in cash for each share of Olo that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( [email protected] ) toll free at any time at 855-768-1857, or visit to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn View source version on CONTACT: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner [email protected] 1-877-515-1850 1100 Poydras St., Suite 960 New Orleans, LA 70163 KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA NEW YORK INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: Kahn Swick & Foti, LLC Copyright Business Wire 2025. PUB: 07/04/2025 05:59 PM/DISC: 07/04/2025 05:59 PM
Yahoo
04-07-2025
- Business
- Yahoo
Olo (OLO) Surges 13.6%: Is This an Indication of Further Gains?
Olo Inc. OLO shares rallied 13.6% in the last trading session to close at $10.12. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.3% gain over the past four weeks. Olo is benefiting from the growing digitization of restaurant operations, increased adoption of its modules, and strong customer retention and expansion. This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +60%. Revenues are expected to be $82.27 million, up 16.7% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Olo, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on OLO going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Olo belongs to the Zacks Internet - Software industry. Another stock from the same industry, Workiva WK, closed the last trading session 2% higher at $69.22. Over the past month, WK has returned -0.1%. Workiva's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.05. Compared to the company's year-ago EPS, this represents a change of -68.8%. Workiva currently boasts a Zacks Rank of #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Olo Inc. (OLO) : Free Stock Analysis Report Workiva Inc. (WK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Yahoo
04-07-2025
- Business
- Yahoo
Olo stock soars after Thoma Bravo agrees to acquire company for $2 billion
-- Olo Inc (NYSE:OLO) stock surged 13% Thursday following the announcement that the restaurant technology provider has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo in an all-cash transaction valuing the company at approximately $2.0 billion. Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash, representing a premium of 65% over Olo's share price of $6.20 as of April 30, 2025, the last trading day before media reports about a potential deal emerged. The transaction, unanimously approved by Olo's Board of Directors, is expected to close by the end of calendar year 2025, subject to shareholder approval and regulatory clearances. Upon completion, Olo will become a privately held company while continuing to operate under its current name and brand. Founded in 2005, Olo provides digital ordering, payments, and guest engagement solutions to the restaurant industry. The company currently serves over 750 restaurant brands across 88,000 locations and maintains a network of more than 400 integration partners. "By partnering with Thoma Bravo, we believe we can build on our success to date and accelerate our vision of helping our customers create a world where every restaurant guest feels like a regular," said Noah Glass, Olo's Founder and CEO. Brandon Gardner, Chair of Olo's Board, noted that the company's strong market position enabled it to achieve a significant premium through this transaction, which the Board unanimously determined to be in the best interest of shareholders. Goldman Sachs is serving as the exclusive financial advisor to Olo, while Goodwin Procter LLP is providing legal counsel. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo. Related articles Olo stock soars after Thoma Bravo agrees to acquire company for $2 billion BofA sees improving ad market boosting Roku's outlook as it lifts target Morgan Stanley sees 'a compelling catalyst' for Salesforce stock rally