Faruqi & Faruqi, LLP Announces Investigation of Ness Technologies, Inc. - NSTC
June 13 2011 - 2:11PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating and monitoring the
conduct of the Board of Directors of Ness Technologies, Inc.
(“Ness” or the “Company”) (NasdaqGS: NSTC) in relation to the sale
of the Company to a Citigroup Inc. private-equity fund for about
$307 million. The proposed transaction offers Ness’ shareholders
$7.75 per share in cash. According to Yahoo! Finance, at least one
financial analyst has set a price target of $8.00 for Ness.
Request more information now by clicking here:
www.faruqilaw.com/NSTC
Whether Ness’ Board of Directors is acting in accordance with
their fiduciary duties to Ness’ stockholders to conduct an adequate
and fair sales process to sell the Company, whether the proposed
transaction undervalues Ness’ shares, whether Ness’ Board of
Directors is adequately negotiating a price increase for the
proposed transaction, and by how much this proposed transaction
undervalues the Company to the detriment of Ness’ shareholders are
the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Ness and wish to obtain additional
information, please visit us at www.faruqilaw.com/NSTC or contact
Juan E. Monteverde, Esq. either via email at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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