Kendall Law Group Investigates MediaMind Technologies Inc.
16 Giugno 2011 - 5:28PM
Business Wire
Kendall Law Group, a national securities firm led by a former
federal judge, is investigating MediaMind Technologies Inc.
(NASDAQ: MDMD) for shareholders in connection with the proposed
acquisition by DG FastChannel Inc. The firm is investigating
whether MediaMind properly shopped the Company prior to entering
into the agreement. This possible breach of fiduciary duty may have
kept the Company from reaching a deal that would provide better
value of the Company. If you are a MDMD shareholder and would like
additional information about your rights, you are encouraged to
contact the Kendall Law Group at 877-744-3728 or by email at
skendall@kendalllawgroup.com.
On June 16, 2011, the companies announced that the companies
have entered into a definitive merger agreement under which
MediaMind would be acquired by FastChannel in a transaction valued
at approximately $415 million. Gal Trifon, President and CEO of
MediaMind, will serve as FastChannel’s Chief Digital Officer. Also,
Ofer Zadikario, Chief Solutions Officer of MediaMind, will join
FastChannel in the same position. Under the terms of the
agreement, MediaMind stockholders will receive $22.00 in cash for
each share of MDMD common stock. The transaction is expected to
close in the third quarter of 2011. Based on historical stock
prices, the firm believes the transaction significantly undervalues
the company.
Kendall Law Group was founded by former federal judge Joe
Kendall, 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.
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