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Copyright ©2011 Levi & Korsinsky, LLP
New York
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| DemandTec, Inc. |
| DemandTec, Inc. (NASDAQ: DMAN) shareholder litigation in connection with alleged unfair takeover offer |
On December 8, 2011, DemandTec, Inc.
("DemandTech" or the "Company") announced that
it has agreed to sell the Company to International
Business Machines Corp. (“IBM”) (NYSE: IBM).
Under the terms of the transaction, DemandTec
("DemandTech" or the "Company") announced that
it has agreed to sell the Company to International
Business Machines Corp. (“IBM”) (NYSE: IBM).
Under the terms of the transaction, DemandTec
shareholders will receive $13.20 per share of DemandTec stock they own. The transaction has a
total approximate value of $440 million.
The investigation concerns whether the DemandTec Board of Directors breached their fiduciary
duties to DemandTec stockholders by failing to adequately shop the Company before entering into
this transaction and whether IBM is underpaying for DemandTec shares, thus unlawfully harming
DemandTec stockholders.
total approximate value of $440 million.
The investigation concerns whether the DemandTec Board of Directors breached their fiduciary
duties to DemandTec stockholders by failing to adequately shop the Company before entering into
this transaction and whether IBM is underpaying for DemandTec shares, thus unlawfully harming
DemandTec stockholders.
