BALA CYNWYD, Pa., March 8, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Transcend
Services, Inc. (NASDAQ- Transcend) relating to the proposed
acquisition by Nuance Communications, Inc. ("Nuance").
Under the terms of the transaction, Transcend shareholders would
receive only $29.50 in cash for each
share of Transcend stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Transcend for not acting in the
Company's shareholders' best interests in connection with the sale
process to Nuance. The transaction may undervalue Transcend as
Transcend stock traded at $29.92 on
July 6, 2011 and an analyst has set a
price target on Transcend stock at $34.00 per share.
If you own shares of Transcend stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/392-trcr-transcend-services-inc.html, or
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC