Harwood Feffer LLP Announces Investigation of DemandTec, Inc.
09 Dezembro 2011 - 5:39PM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
DemandTec, Inc. (“DemandTec” or the “Company”) (NASDAQ: DMAN)
concerning the proposed acquisition of the Company by International
Business Machines Corp. (“IBM”) in a transaction valued at $440
million.
On December 8, 2011, IBM and DemandTec announced that they had
entered into a definitive merger agreement pursuant to which IBM
will acquire DemandTec. Under the terms of the agreement, DemandTec
shareholders will receive $13.20 in cash per share held.
Our investigation concerns whether the board of directors has
breached its fiduciary duties by failing to adequately shop the
Company and whether the board undertook a fair process and obtained
fair consideration for DemandTec stockholders.
If you own DemandTec shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq. Benjamin Sachs-Michaels Harwood Feffer LLP
488 Madison Avenue New York, New York 10022 Phone Numbers: (877)
935-7400
(212) 935-7400
Email:
bsachsmichaels@hfesq.com
Website:
http://www.hfesq.com
Harwood Feffer has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in federal and state courts. Please visit the
Harwood Feffer LLP website (http://www.hfesq.com) for more
information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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