Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Double-Take Software, Inc.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Double-Take Software, Inc. (“Double-Take” or the “Company”) (NASDAQ:DBTK) related to the Company’s agreement to be acquired by Vision Solutions, Inc. The proposed transaction is valued at approximately $242 million.
Under the terms of the definitive merger agreement entered into by the parties, Double-Take stockholders will receive $10.55 in cash for each share of Double-Take common stock they hold. The transaction is expected to be completed in the third quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Double-Take’s board of directors.
If you own shares of Double-Take Software, Inc., if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.