Robbins Umeda LLP Announces an Investigation of the Acquisition of Interactive Data Corp. by Silver Lake & Warburg Pincus
May 04 2010 - 3:11PM
Business Wire
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 Interactive Data Corporation
("Interactive Data") (NYSE: IDC) in connection with their actions
in causing Interactive Data to enter into a definitive agreement
with investment funds managed by Silver Lake and Warburg Pincus. If
the transaction is completed, Interactive Data shareholders will
receive $33.86 in cash for each share of Interactive Data they own.
The companies expect the transaction to be completed in the third
quarter of 2010.
Robbins Umeda LLP's investigation concerns whether Interactive
Data's Board of Directors undertook a fair process to obtain fair
consideration for all shareholders of Interactive Data.
If you are a shareholder of Interactive Data 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.
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