NEW YORK, March 9, 2012 /PRNewswire/ -- 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.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP