The Law Office of Abe Shainberg Announces Investigation of MediaMind Technologies Inc - MDMD
June 18 2011 - 10:15PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of MediaMind Technologies Inc (MediaMind or the Company)
(NASDAQ: MDMD) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to FastChannel, Inc. Under the terms of the agreement, MediaMind
shareholders will receive $22 per share of MediaMind stock they
own, for a total enterprise value of $414 million.
The investigation concerns whether MediaMind Board of Directors
breached their fiduciary duties to MediaMind stockholders by
failing to adequately shop the Company before entering into this
transaction and whether FastChannel is underpaying for MediaMind
shares, thus unlawfully harming MediaMind stockholders. In
particular, at least one analyst set a target price for MediaMind
stock of $23 per share.
If you own common stock in MediaMind and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/mediamind-mdmd.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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