Kendall Law Group Investigates DDi Corp.
April 04 2012 - 11:09AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating DDi Corp. (NASDAQ: DDIC) for shareholders in
connection with the proposed acquisition by Viasystems Group Inc.
The national securities firm’s investigation seeks to determine
whether DDi and its Board breached their fiduciary duties by
entering into the agreement without properly shopping for a deal
that would provide better value for shareholders. If you are a DDi
shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at investor@kendalllawgroup.com.
On April 4, 2012, the companies announced the definitive merger
agreement under which DDi would be acquired by Viasystems Group, in
a transaction valued at approximately $268 million. Under the terms
of the agreement, DDi stockholders will receive $13.00 in cash for
each share of DDi/DDIC common stock held. The offer price
represents a 6 percent premium over DDi's closing stock price of
$12.26 on Tuesday, April 3, 2012. The firm’s investigation seeks to
determine whether DDi and its Board undertook a fair process in
negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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