Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Unica Corporation
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Unica Corporation (“Unica” or the “Company”) (NASDAQ:UNCA) related to the Company’s agreement to be acquired by IBM. The proposed cash transaction is valued at approximately $480 million.
Under the terms of the definitive agreement entered into by the parties, IBM will acquire all of the outstanding shares of Unica stock for $21.00 per share in cash. The transaction is expected to close in the fourth quarter of 2010. Upon completion of the transaction, Unica’s employees will become part of IBM's Software Solutions Group. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Unica’s board of directors.
If you own shares of Unica, 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.