The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Demand...
12 Dezembro 2011 - 5:38PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
DemandTec, Inc. (“DemandTec” or the “Company”) (NASDAQ: DMAN) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to International
Business Machines Corp. (“IBM”) (NYSE: IBM). Under the terms of the
transaction, DemandTec shareholders will receive $13.20 per share
of DemandTec stock they own. The transaction has a total
approximate value of $440 million.
Click here to learn how to join the action:
http://www.zlk.com/demandtec-dman, or call: 877-363-5972.
The investigation concerns whether the DemandTec Board of
Directors breached their fiduciary duties to DemandTec stockholders
by failing to adequately shop the Company before entering into this
transaction and whether IBM is underpaying for DemandTec shares,
thus unlawfully harming DemandTec stockholders.
If you own common stock in DemandTec and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Demand Brands (PK) (USOTC:DMAN)
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