PROS Holdings Sets December 4 Shareholder Vote on Portofino Merger

Reuters
2025.11.26 21:44
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PROS Holdings, Inc. plans a merger with Portofino Parent, LLC, making it a subsidiary. Shareholders will vote on December 4, 2025. Two lawsuits claim the proxy statement lacks material information. This AI-generated news is for informational purposes only.

PROS Holdings, Inc. has entered into a merger agreement with Portofino Parent, LLC, under which Portofino Merger Sub, Inc., a wholly owned subsidiary of Portofino Parent, will merge with and into PROS Holdings. Following the completion of the transaction, PROS Holdings will become a wholly owned direct subsidiary of Portofino Parent. A special meeting of PROS Holdings’ stockholders is scheduled for December 4, 2025, to consider the proposed merger. Additionally, two lawsuits have been filed by PROS Holdings stockholders in New York state court, alleging that the company’s definitive proxy statement omitted material information related to the transaction. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PROS Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-300691), on November 26, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here