The Law Office of Abe Shainberg Announces an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Salar...
07 Septembre 2010 - 10:42PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Salary.com (NasdaqCM: SLRY) for possible breaches of
fiduciary duty and other violations of state law in connection with
sale of the Company to Kenexa Corporation (NasdaqGS: KNXA). Under
the terms of the proposed transaction, Salary.com shareholders will
receive $4.07 in cash for each share of Salary.com common stock
they own for a total transaction value of approximately $80
million.
The investigation concerns whether the Salary.com Board of
Directors breached their fiduciary duties to Salary.com
shareholders by failing to adequately shop the Company before
entering into this transaction and whether Kenexa is underpaying
for Salary.com shares.
If you are a shareholder in Salary.com and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/salary-com-slry.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide.
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