DEALERTRACK TECHNOLOGIES, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
June 18 2015 - 5:31PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Dealertrack
Technologies, Inc. (NASDAQ GS: TRAK)?
- Did you purchase any of your shares
prior to June 15, 2015?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of
Dealertrack Technologies, Inc. (“Dealertrack” or the “Company”)
(NASDAQ GS: TRAK) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an
agreement to be acquired by Cox Automotive, Inc. (“Cox”), in a
transaction valued at approximately $4 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/dealertrack-technologies-inc-trak.
Under the terms of the agreement, shareholders of Dealertrack
will receive $63.25 in cash for each share of Dealertrack they
own.
The investigation concerns whether Dealertrack’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Dealertrack’s shareholders before entering into
an agreement with Cox.
If you own the common stock of Dealertrack and purchased your
shares before June 15, 2015, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/dealertrack-technologies-inc-trak.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150618006454/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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