Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Double-Take Software, Inc.
May 17 2010 - 9:00PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Double-Take Software, Inc. (“Double-Take” or the “Company”)
(NASDAQ:DBTK) related to the Company’s agreement to be acquired by
Vision Solutions, Inc. The proposed transaction is valued at
approximately $242 million.
Under the terms of the definitive merger agreement entered into
by the parties, Double-Take stockholders will receive $10.55 in
cash for each share of Double-Take common stock they hold. The
transaction is expected to be completed in the third quarter of
2010. The investigation concerns possible breaches of fiduciary
duty and other violations of law related to approval of the
transaction by Double-Take’s board of directors.
If you own shares of Double-Take Software, Inc., 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 howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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