Robbins Umeda LLP Announces an Investigation of the Acquisition of Double-Take Software, Inc. by Vision Solutions, Inc.

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of Double-Take Software, Inc. ("Double-Take" or the "Company") (NASDAQ: DBTK) in connection with their actions in causing Double-Take to enter into a definitive merger agreement to be acquired by Vision Solutions, Inc. ("Vision Solutions"), a portfolio company of Thoma Bravo, LLC. If the transaction is completed, Double-Take shareholders will receive $10.55 in cash for each share of Double-Take common stock they hold. The companies expect the transaction to close in the third quarter of 2010.

Robbins Umeda LLP's investigation concerns whether the Board of Directors of Double-Take undertook a fair process to obtain fair consideration for all shareholders of Double-Take. Specifically, at least one analyst set a price target for Double-Take Software stock at $12.00 per share and the median target set by analysts is $11.00 per share.

If you are a shareholder of Double Take and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

Double-Take Software (MM) (NASDAQ:DBTK)
Historical Stock Chart
From Apr 2024 to May 2024