Shareholder rights firm Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Deltek, Inc. (NASDAQ: PROJ) in connection with their efforts to sell the company to Thoma Bravo, LLC. Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Gregory E. Del Gaizo at (800) 350-6003, info@robbinsumeda.com, or via the shareholder information form on the firm's website.

On August 27, 2012, Deltek announced that it had entered into a definitive merger agreement to be acquired by Thoma Bravo. According to the terms of the deal, Thoma Bravo will acquire Deltek through an all cash transaction. Pursuant to the agreement, Deltek shareholders will receive $13 in cash for each share of the company they own. The transaction is expected to close in the fourth quarter of 2012.

Robbins Umeda LLP's investigation focuses on whether the board of directors at Deltek is undertaking a fair process to obtain maximum value and adequately compensate its shareholders. For example, on July 31, 2012, Deltek reported financial results for the second quarter of 2012 that represented a substantial increase over 2011 figures. Specifically, Deltek reported earnings per share of $0.06, compared to a loss of $0.05 per share in the second quarter of 2011. Additionally, Deltek reported a 15% increase in product revenue for the second quarter of 2012 over the same quarter in 2011. Furthermore, at least two leading market analysts have released target prices for Deltek that value the company's stock between $14 and $16 per share, higher than the value currently being offered by Thoma Bravo as part of the proposed transaction.

Robbins Umeda LLP attorneys highlight that Deltek shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company's shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/deltek-inc/

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