The Law Offices of Vincent Wong Announce an Investigation of MediaMind Technologies Inc.
June 22 2011 - 6:16PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of MediaMind Technologies Inc. (NASDAQ: MDMD) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to DG FastChannel,
Inc. Under the terms of the proposed transaction, DG FastChannel
will pay MediaMind shareholders $22 in cash per share for a
transaction having an enterprise value of approximately $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. According to Thomson/First Call, 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 Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/mediamind-mdmd.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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