Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of National Dentex Corporation - NADX
07 April 2010 - 5:57PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
National Dentex Corporation (“National Dentex” or the “Company”)
(NasdaqGM: NADX) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to GDC Holdings, Inc., a holding company of GeoDigm
Corporation ("GeoDigm"), a technology based manufacturing and
laboratory company and a portfolio company of Welsh, Carson,
Anderson & Stowe XI, L.P. Under the terms of the transaction,
National Dentex shareholders will receive $17.00 in cash for each
National Dentex share of common stock they own for a total
transaction value of approximately $100 million.
The investigation concerns whether the National Dentex Board of
Directors breached their fiduciary duties to National Dentex
stockholders by failing to adequately shop the Company before
entering into this transaction and whether GeoDigm is underpaying
for National Dentex shares, thus unlawfully harming National Dentex
stockholders.
If you own common stock in National Dentex and wish to obtain
additional information, please contact us at the number listed
below or visit http://www.zlk.com/nadx1.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.
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