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Kendall Law Group Investigates Terremark Worldwide, Inc. Acquisition for Shareholders

^{Published on 2011-01-28 06:35:57 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Terremark Worldwide, Inc. (NASDAQ: TMRK) for shareholders in connection with the proposed acquisition by Verizon. The national securities firma™s investigation seeks to determine whether Terremark 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 Terremark 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 ].

On January 27, 2011, the companies announced the definitive merger agreement under which Terremark would be acquired by Verizon, in a transaction valued at approximately $1.4 billion. Under the terms of the agreement, Terremark stockholders will receive $19.00 in cash for each share of Terremark/TMRK common stock held. Verizon announced that it has already entered into agreements with three Terremark stockholders to tender their shares, representing approximately 27.6 percent of the outstanding voting shares of Terremark. The firma™s investigation seeks to determine whether Terremark and its Board negotiated a deal that provides the best value available to shareholders.

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 numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.