Science & Technology
Sun, June 19, 2011Sat, June 18, 2011Fri, June 17, 2011Thu, June 16, 2011Wed, June 15, 2011Tue, June 14, 2011Mon, June 13, 2011Fri, June 10, 2011Thu, June 9, 2011Wed, June 8, 2011Tue, June 7, 2011Mon, June 6, 2011Sat, June 4, 2011Fri, June 3, 2011Thu, June 2, 2011Wed, June 1, 2011Tue, May 31, 2011Mon, May 30, 2011Fri, May 27, 2011The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Ness Technologies, Inc. -- NSTC
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Published in Science and Technology on Friday, June 10th 2011 at 17:01 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Ness Technologies, Inc. (aNessa or the aCompanya) (NASDAQ: NSTC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of Citi Venture Capital International. Under the terms of the transaction, Ness stockholders will receive $7.75 per share in cash for each share of common stock they own. The transaction has a total value of approximately $307 million.
Click here to learn how to join the action: [ http://www.zlk.com/ness-technologies-nstc.html ], or call: 877-363-5972.
The investigation concerns whether the Ness Board of Directors breached their fiduciary duties to Ness stockholders by failing to adequately shop the Company before entering into this transaction and whether Citi Venture Capital International is underpaying for Ness shares, thus unlawfully harming Ness stockholders. In particular, the Book Value for Ness shares for the last quarter was $9.34 per share, and at least one analyst placed a value of $8.00 per share of Ness stock.
If you own common stock in Ness and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/ness-technologies-nstc.html ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
