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Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of TechTeam Global Inc. - TEAM

^{Published on 2010-11-06 08:36:27 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of TechTeam Global Inc. (aTechTeama or the aCompanya) (NASDAQ: TEAM) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Stefanini International Holdings Ltd. The proposed transaction offers TechTeam shareholders to only receive $8.35 per share in cash. The transaction is valued at approximately $93.4 million. The transaction is structured as a tender offer which may obviate the need for a shareholder vote.

Request more information now by clicking here: [ www.faruqilaw.com/TEAM ]

Whether the TechTeama™s Board of Directors breached their fiduciary duties to TechTeama™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues TechTeama™s shares and by how much this proposed transaction undervalues the Company to the detriment of TechTeam shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.

If you own common stock in TechTeam and wish to obtain additional information, please visit us at [ www.faruqilaw.com/TEAM ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

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