BOSTON, April 4, 2012
/PRNewswire/ -- Block & Leviton LLP, a Boston based law firm representing investors
nationwide, is investigating possible breaches of fiduciary duties
by the Board of Directors of DDi Corp. ("DDi" or the "Company")
(NASDAQ: DDIC) concerning its announced merger with Viasystems
Group, Inc. ("Viasystems") (NASDAQ: VIAS).
Under the terms of the merger, Viasystems will acquire DDi for
$13.00 per share in cash, which is a
very small premium of only 6% over the Company's share price on
April 3, 2012, the last trading day
before the merger was announced. The total transaction value
is approximately $282 million, or
$268 million net of DDi's cash plus
debt assumed.
Block & Leviton's investigation seeks to determine, among
other things, whether DDi's Directors breached their fiduciary
duties by failing to maximize shareholder value in the proposed
merger with Viasystems. For example, the average target price
by analysts for DDi common stock is $14.00 per share.
If you have any information relevant to this investigation, or
have questions about your legal rights, please contact Scott A. Mays of Block & Leviton LLP at
(617) 398-5640 or email him at Scott@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors
for violations of securities laws. The firm's lawyers have
collectively been prosecuting securities cases on behalf of
investors for over 50 years.
Contact:
BLOCK & LEVITON LLP
Scott A. Mays, Esq.
(617) 398-5640
Scott@blockesq.com
Jason M. Leviton, Esq.
(617) 398-5620
Jason@blockesq.com
This may constitute attorney advertising.
SOURCE Block & Leviton LLP