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Finkelstein Thompson LLP Announces Investigation of DivX, Inc.

^{Published on 2010-06-05 08:35:04 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of DivX, Inc. ("DivX" or the "Company") (Nasdaq:DIVX) arising from the Company's announcement of its intent to be acquired by Sonic Solutions (aSonica). Under the terms of the agreement, DivX shareholders will receive $3.75 in cash and 0.514 shares of Sonic common stock for each share of DivX they hold, resulting in total consideration of approximately $9.83 a share. The transaction is valued at approximately $326 million.

The investigation is focused on the potential unfairness of the consideration to DivX shareholders and the process by which the Companya™s Board of Directors considered and approved the transaction. In particular, at least one analyst has set a target price of DivX stock at $10.50 per share.

If you are interested in discussing your rights as a DivX shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.