Tue, June 21, 2011
Mon, June 20, 2011
Sun, June 19, 2011
Sat, June 18, 2011
Fri, June 17, 2011
Thu, June 16, 2011
Wed, June 15, 2011
Tue, June 14, 2011
Mon, June 13, 2011
Fri, June 10, 2011
Thu, June 9, 2011
[ Thu, Jun 09th 2011 ] - Market Wire
Now What?
Wed, June 8, 2011
Tue, June 7, 2011
[ Tue, Jun 07th 2011 ] - Market Wire
Armageddon
Mon, June 6, 2011
Sat, June 4, 2011
Fri, June 3, 2011
[ Fri, Jun 03rd 2011 ] - Market Wire
EA Launches Origin
Thu, June 2, 2011

Murray, Frank & Sailer LLP Announces Investigation of Ness Technologies (NSTC)


//science-technology.news-articles.net/content/2 .. ces-investigation-of-ness-technologies-nstc.html
Published in Science and Technology on Tuesday, June 14th 2011 at 10:55 GMT by Market Wire   Print publication without navigation


NEW YORK--([ BUSINESS WIRE ])--Murray, Frank & Sailer LLP is investigating claims of breach of fiduciary duty by certain members of the board of directors of Ness Technologies, Inc. (NASDAQ: NSTC) (aNessa or athe Companya) in relation to the acquisition of the Company by Citi Venture Capital International (aCitia).

On June 10, 2011, Ness and Citi announced that Citi would acquire Ness pursuant to a transaction under which Ness stockholders will receive $7.75 for each share of Transatlantic common stock, for a total deal worth approximately $307 million. The amount represents a premium of only 17.6% over the closing price of the stock prior to the announcement.

The investigation concerns whether certain members of the board of directors breached their fiduciary duty in connection with their efforts to sell Ness to Citi for an inadequate price through an unfair process, which significantly undervalues the Company.

If you are a current investor in Ness, who purchased NSTC shares before June 10, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Gregory Frank at (800) 497-8076 or (212) 682-1818, or by email at [ investigations@murrayfrank.com ].


Publication Contributing Sources