Law Office of Brodsky & Smith, LLC Announces Investigation of Double-Take Software, Inc.
18 Mai 2010 - 10:43PM
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) 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
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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