NEW YORK, Dec. 8, 2011 /PRNewswire/ -- 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.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
