Prof. Dr. Thieler - Prof. Dr. Boeh - Thieler - Seitz Corp. („Thieler Law”) announces an investigation on behalf of investors of Ness Technologies, Inc. (Nasdaq: NSTC) over potential breaches of fiduciary duty and other violations in connection with the proposed acquisition of Ness Technologies by an affiliate of Citi Venture Capital International in a transaction valued at approximately $307 million.

If you own stock in of Ness Technologies, Inc. (NASDAQ: NSTC) and would like more information, please contact us by email: MarcS@Thieler-Boeh-Seitz.com or by telephone at +1 (619) 866 – 6157

On June 10, 2011, Ness Technologies Inc. announced that the company has entered into a merger agreement under which an affiliate of Citi Venture Capital International will acquire Ness Technologies, Inc. Under the terms of the proposed transaction, Ness Technologies stockholders will receive $7.75 per share in cash for each NSTC share of common stock they hold.

The investigation concerns, among other things, whether the proposed takeover adequately compensates NASDAQ: NSTC shareholders and whether a fair process was used in obtaining the best value for Ness Technologies shareholders, and whether Ness Technologies, Inc and its Board breached their fiduciary duties by entering into the buyout agreement without properly shopping for an acquisition that would provide better value for shareholders. Indeed, at least one analyst has set a price target of $8.00 per share for Ness Technologies stock. Additionally, recently Ness Technologies, Inc issued their first quarter 2011 financial results and announced, among other things, that its revenues were up 3% year-over-year, its operating income was up 186% year-over-year, and its net income from continuing operations was up 497% year-over-year.

If you own common stock in Ness Technologies, Inc. (Nasdaq: NSTC), 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 our San Diego office at:

Prof. Dr. Thieler - Prof. Dr. Boeh - Thieler - Seitz Corp., 3111 Camino Del Rio North, Suite 400, San Diego, CA 92108, by email: MarcS@Thieler-Boeh-Seitz.com or by telephone at +1 (619) 866 - 6157 or visit our website http://www.Thieler-Boeh-Seitz.com.

Past results do not guarantee a similar outcome.

Ness (NASDAQ:NSTC)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Ness Charts.
Ness (NASDAQ:NSTC)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Ness Charts.