NEW YORK, Nov. 7, 2016 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) has commenced an investigation into the fairness of
the sale of Datalink Corporation ("Datalink") (NasdaqGS: DTLK) to
Insight Enterprises, Inc. ("Insight Enterprises").
Under the terms of the definitive merger agreement with Insight
Enterprises, announced on November 7,
2016, Datalink's stockholders are offered $11.25 per share in cash. The transaction
implies an equity purchase price of approximately $258 million and an enterprise value of
approximately $196 million (net of
cash and debt acquired). The deal is anticipated to close in
the first quarter of 2017.
Minnesota-based Datalink is a
premier provider of IT services and solutions. Datalink
delivers value to Fortune 1000 and public sector clients by
providing complete IT solutions that include hardware, software and
services to create business impact for their clients.
Datalink is Minnesota's 36th
largest public company, according to Business Journal research,
generating $765 million in revenue
last year. Our investigation concerns whether the Datalink's
board of directors has fulfilled its fiduciary duties to Datalink's
shareholders, including adequately pursuing alternatives to the
acquisition and obtaining the best price possible for Datalink's
shareholders.
If you own Datalink shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Tanya Korkhov, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: tkorkhov@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the
firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP