NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of DemandTec, Inc. (aDemandTeca or the aCompanya) (NASDAQ: DMAN) concerning the proposed acquisition of the Company by International Business Machines Corp. (aIBMa) in a transaction valued at $440 million.
On December 8, 2011, IBM and DemandTec announced that they had entered into a definitive merger agreement pursuant to which IBM will acquire DemandTec. Under the terms of the agreement, DemandTec shareholders will receive $13.20 in cash per share held.
Our investigation concerns whether the board of directors has breached its fiduciary duties by failing to adequately shop the Company and whether the board undertook a fair process and obtained fair consideration for DemandTec stockholders.
If you own DemandTec shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq. | ||
Benjamin Sachs-Michaels | ||
Harwood Feffer LLP | ||
488 Madison Avenue | ||
New York, New York 10022 | ||
Phone Numbers: | (877) 935-7400 | |
(212) 935-7400 | ||
Email: | ||
Website: |
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ([ http://www.hfesq.com ]) for more information about the firm.
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