The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Transcend Services, Inc. in Connection with the Sale of the ...
08 März 2012 - 1:11AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Transcend Services, Inc. (“Transcend” or the “Company”) (Nasdaq:
TRCR) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Nuance
Communications, Inc. (Nasdaq: NUAN). Under the terms of the
transaction, Transcend shareholders will receive $29.50 per
Transcend share. The transaction has a total approximate value of
$300 million.
Click here to learn how to join the action:
http://www.zlk.com/transcend-services-trcr, or call: 877-363-5972.
There is no cost or obligation to you.
The investigation concerns whether the Transcend Board of
Directors breached their fiduciary duties to Transcend stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Nuance Communications, Inc. is underpaying
for Transcend shares, thus unlawfully harming Transcend
stockholders. In particular, at least one analyst set a price
target of $34.00 per share of Transcend stock.
If you own common stock in Transcend and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New
York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Transcend Services, Inc. (MM) (NASDAQ:TRCR)
Historical Stock Chart
Von Jul 2024 bis Aug 2024
Transcend Services, Inc. (MM) (NASDAQ:TRCR)
Historical Stock Chart
Von Aug 2023 bis Aug 2024
Echtzeit-Nachrichten über Transcend Services, Inc. (MM) (NASDAQ): 0 Nachrichtenartikel
Weitere Levi & Korsinsky, LLP News-Artikel