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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Softbrands | AMEX:SBN | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
The Complaint arises out of the announcement by SoftBrands stating that it had entered into a definitive merger agreement with Golden Gate Capital. Under the proposed agreement, SoftBrands shareholders will receive $0.92 in cash for each share of SoftBrands they own for a total transaction value of approximately $41.3 million or $80 million including debt and preferred shares. The price appears unfair given that the 52-week high for SoftBrands share is $1.08 and at least one analysts set a price target of $1.00 for SoftBrands stock.
If you own common stock in SoftBrands and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/sbn1.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com
1 Year Softbrands Chart |
1 Month Softbrands Chart |
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