According to the Complaint, Cision Ltd. is a leading global provider of earned media software and services to public relations and marketing communications professionals.

This action stems from a proposed transaction announced on October 22, 2019, pursuant to which Cision Ltd. will be acquired by affiliates of Platinum Equity Advisors, LLC.

On October 22, 2019, Cision’s Board of Directors caused the Company to enter into an agreement and plan of merger with Platinum. Pursuant to the terms of the Merger Agreement, Cision’s stockholders will receive $10.00 in cash for each share of Cision common stock they own.

On December 3, 2019, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for December 19, 2019. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on April 20, 2020.