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DBTK Double-Take Software (MM)

10.55
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Double-Take Software (MM) NASDAQ:DBTK NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.55 0 01:00:00

Robbins Umeda LLP Announces an Investigation of the Acquisition of Double-Take Software, Inc. by Vision Solutions, Inc.

18/05/2010 5:30pm

Business Wire


Double-Take Software (MM) (NASDAQ:DBTK)
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Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of Double-Take Software, Inc. ("Double-Take" or the "Company") (NASDAQ: DBTK) in connection with their actions in causing Double-Take to enter into a definitive merger agreement to be acquired by Vision Solutions, Inc. ("Vision Solutions"), a portfolio company of Thoma Bravo, LLC. If the transaction is completed, Double-Take shareholders will receive $10.55 in cash for each share of Double-Take common stock they hold. The companies expect the transaction to close in the third quarter of 2010.

Robbins Umeda LLP's investigation concerns whether the Board of Directors of Double-Take undertook a fair process to obtain fair consideration for all shareholders of Double-Take. Specifically, at least one analyst set a price target for Double-Take Software stock at $12.00 per share and the median target set by analysts is $11.00 per share.

If you are a shareholder of Double Take and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

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