DynCorp International, Inc Merger Litigation (NYSE: DCP)
Law Office of Brodsky & Smith, LLC Announces Investigation of DynCorp International, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of DynCorp International, Inc. (“DynCorp” or the “Company”) (NYSE: DCP – News) relating to the proposed acquisition of DynCorp by Cerberus Capital Management, L.P. (“Cerberus”). Under the terms of the agreement, DynCorp shareholders would receive cash of $17.55 for each share of DynCorp common stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the DynCorp board’s approval of the proposed transaction. The transaction appears to be unfair, in part, given that DynCorp stock was trading at $17.60 a share as recently as November 6, 2009 and traded at $21.49 a share on November 6, 2009. Also, DynCorp revenue rose nearly 50% between 2007 and 2009.
If you own shares of DynCorp and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
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