Science & Technology
Thu, April 5, 2012
DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating DDi Corp. (NASDAQ: DDIC) for shareholders in connection with the proposed acquisition by Viasystems Group Inc. The national securities firmas investigation seeks to determine whether DDi 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 DDi shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ investor@kendalllawgroup.com ].
On April 4, 2012, the companies announced the definitive merger agreement under which DDi would be acquired by Viasystems Group, in a transaction valued at approximately $268 million. Under the terms of the agreement, DDi stockholders will receive $13.00 in cash for each share of DDi/DDIC common stock held. The offer price represents a 6 percent premium over DDi's closing stock price of $12.26 on Tuesday, April 3,2012. The firmas investigation seeks to determine whether DDi and its Board undertook a fair process in negotiating the deal.
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.