Ryan & Maniskas, LLP Announces Investigation of Double-Take Software, Inc.
18 Mai 2010 - 1:00AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/dbtk) 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 Software” or
the “Company”) (NASDAQ:DBTK) in connection with their actions in
causing Double-Take Software to enter into a merger agreement with
Vision Solutions, Inc., a portfolio company of Thoma Bravo, LLC, in
a transaction with a net offer value of approximately $242
million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Double-Take Software. For more information
regarding our investigation, please contact Ryan & Maniskas,
LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or
by email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/dbtk.
Under the terms of the agreement, Double-Take Software
stockholders will receive $10.55 in cash for each share of
Double-Take Software common stock they hold.
If you own shares of Double-Take Software and would like to
learn more about these claims or if you wish to discuss these
matters and have any questions concerning this announcement or your
rights, contact Richard A. Maniskas, Esquire toll-free at (877)
316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/dbtk. You may also email Mr. Maniskas at
rmaniskas@rmclasslaw.com. For more information about class action
cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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