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Kendall Law Group Investigates Double-Take Software, Inc. Merger for Shareholders

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  Published in Science and Technology on Tuesday, May 18th 2010 at 9:45 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], a national securities firm, is investigating Double-Take Software, Inc. (NASDAQ:DBTK) for shareholders in connection with the proposed acquisition by Vision Solutions, Inc. The firma™s investigation seeks to determine whether Double-Take and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a DBTK shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

The companies announced on May 17, 2010 that they had entered into an agreement for Double-Take to be acquired by Vision Solutions. The $242 million transaction is expected to close by the third quarter of 2010. According to the agreement, DBTK shareholders will receive $10.55 in cash, which represents only 9% over the closing price before the deal was announced. Double-Take stock closed as high as $10.98 as the news hit the market that the Company was considering a merger agreement, and as high as $10.35 on January 20, 2010. Due to these factors, the firm believes the transaction undervalues the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in nearly 100 merger and acquisition cases nationwide, including some of the largest transactions in the United States.