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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Netezza Corporation in Connection with the

^{Published on 2010-09-21 19:20:29 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Netezza Corporation (aNetezzaa or the aCompanya) (NYSE:NZ) related to the Companya™s definitive agreement to be acquired by International Business Machines Corporation (aIBMa). The proposed all-cash transaction is valued at approximately $1.7 billion.

Under the terms of the Agreement and Plan of Merger entered into by the parties, if the merger is completed IBM will pay Netezza shareholders $27.00 in cash for each share of the Companya™s common stock they own. Upon completion of the proposed transaction, IBM intends to integrate Netezza within IBMa™s Information Management software portfolio. The transaction is expected to be completed in the fourth quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Netezzaa™s board of directors.

If you are a shareholder of Netezza, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].