Ryan & Maniskas, LLP Announces Investigation of Transcend Services, Inc.
08 März 2012 - 4:17PM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/trcr) is
investigating potential claims against the board of directors of
Transcend Services, Inc. (“Transcend Services” or the "Company")
(NASDAQ: TRCR) concerning possible breaches of fiduciary duty and
other violations of law related to the Company’s efforts to sell
Transcend Services to Nuance Communications, Inc. in a transaction
valued at approximately $327 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the 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 Transcend Services. 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/trcr.
Under the terms of the agreement, Transcend Services
shareholders will receive $29.50 for each share of Transcend
Services stock they own.
If you own shares of Transcend Services 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/trcr. 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 & 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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