Finkelstein Thompson LLP Announces Investigation of Ness Technologies
June 13 2011 - 4:06PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Ness Technologies, Inc. (“Ness” or “the
Company”) (NASDAQ: NSTC) concerning a proposed merger with Citi
Venture Capital International (“Citi”), whereby Citi would acquire
Ness for $7.75 per share in an all-cash deal.
The investigation is focused on the potential unfairness of the
consideration to Ness shareholders, the process by which the Board
of Directors considered the transaction, and potential conflicts of
interests among Ness Board members. In particular, according to
Yahoo! Finance, the Company’s book value is $9.34 per share, and
one analyst has set a target price at $8.00 per share.
If you are interested in discussing your rights as a Ness
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, D.C. offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
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