Morgan & Morgan Announces Investigation of the Fairness of the Proposed Acquisition of Dealertrack Technologies, Inc. - TRAK

NEW YORK, June 19, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of Dealertrack Technologies, Inc. ("Dealertrack" or the "Company") (NasdaqGS: TRAK) concerning possible breaches of fiduciary duty and other violations of law related to the proposed acquisition of the Company by Cox Automotive, Inc.

If you own shares of Dealertrack and would like to learn more about the Dealertrack investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email [e-mail].

Under the terms of the proposed transaction, Dealertrack's shareholders will only receive $63.25 per share in cash for each share of Dealertrack common stock they own. The proposed transaction has a value of approximately $4 billion. 

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms. In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

Attorney advertising.  Prior results do not guarantee a similar outcome.

Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44^th Street
Suite 2001
New York, NY  10036
1-800-732-5200
[e-mail]

 

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