Pomerantz Law Firm Investigates Claims on Behalf of Investors of DDI Corp.
April 04 2012 - 2:26PM
Business Wire
Pomerantz Haudek Grossman & Gross LLP is investigating
claims on behalf of investors of DDi Corp. (“DDi” or the “Company”)
(NASDAQ: DDIC) (ISIN: US2331625028) concerning the proposed
acquisition of DDi by Viasystems Group, Inc. in a cash transaction
valued at approximately $282 million or $268 million net of DDi’s
cash plus debt assumed.
The investigation concerns whether the DDi directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, DDi shareholders would receive $13.00 in cash per share
of DDi common stock. However, the price to EBITDA, EBIT and Net
Income multiples are below that of comparable transactions.
DDi shareholders seeking more information about this acquisition
are advised to contact Rebecca Jarmon at rjarmon@pomlaw.com or
212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago, and
Washington, D.C., is acknowledged as one of the premier firms in
the areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L. Pomerantz, known as the dean of the
class action bar, the Pomerantz Firm pioneered the field of
securities class actions. Today, more than 70 years later, the
Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of
fiduciary duty, and corporate misconduct. The Firm has recovered
numerous multimillion-dollar damages awards on behalf of class
members. See www.pomerantzlaw.com.
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