Double-Take Software, Inc Merger Litigation (Nasdaq: DBTK)
Law Office of Brodsky & Smith, LLC Announces Investigation of Double-Take Software, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Double-Take Software, Inc. (“Double-Take” or the “Company”) (Nasdaq: DBTK – News) relating to the proposed acquisition by Vision Solutions, Inc., a portfolio company of the private equity firm Thoma Bravo, LLC.
Under the terms of the offer, Double-Take shareholders would receive cash of $10.55 for each share of Double-Take stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that Double-Take stock was trading at $10.49 a share as recently as October 13, 2009 and was trading at $10.60 a share on January 19, 2010
If you own shares of Double-Take 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 firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
To Join the Double-Take Software, Inc Litigation
Fill out this form
The complaint is unavailable at this time