Faruqi & Faruqi, LLP Announces Investigation of MediaMind Technologies, Inc.
June 28 2011 - 8:30PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of MediaMind Technologies, Inc. (“MediaMind” or the
“Company”) (NasdaqGS: MDMD) for potential breaches of fiduciary
duties in connection with their duty to disclose material
information in the Solicitation/Recommendation Statement filed by
the Company with the SEC on June 24, 2011. The
Solicitation/Recommendation Statement sets forth the terms of the
merger agreement entered into by the Company and DG Acquisition
Corp. VII on June 15, 2011. In accordance with the terms of the
agreement, MediaMind’s shareholders will receive $22 in cash for
each share of the Company they own. According to Yahoo! Finance, at
least one financial analyst has set a price target of $23 per share
for MediaMind stock. The transaction is structured in such a manner
that it may be effectuated without a shareholder vote.
Request more information now by clicking here:
www.faruqilaw.com/MDMD
Whether MediaMind’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to disclose all
material information in the Solicitation/Recommendation Statement;
whether it failed to maximize shareholder value and if so by how
much the sale undervalues the Company to the detriment of
MediaMind’s shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in MediaMind and wish to obtain
additional information, please visit us at www.faruqilaw.com/MDMD
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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