EQUITY ALERT: The Rosen Law Firm Announces Investigation of Dealertrack Technologies, Inc. Concerning its Proposed Sale to Co...
17 June 2015 - 7:30AM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of Dealertrack
Technologies, Inc. (NASDAQ:TRAK) for possible breaches of fiduciary
duty and other violations of law by failing to adequately shop
Dealertrack to maximize shareholder value before agreeing to be
acquired by Cox Automotive, Inc.
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-638.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $63.25 in cash for each share of Dealertrack common stock
they own. The proposed transaction is valued at approximately $4
billion. The investigation relates to whether the proposal is fair
to the public shareholders of Dealertrack and whether Dealertrack’s
Board breached its fiduciary duties in connection with the proposed
sale.
If you currently own shares of Dealertrack and wish to obtain
additional information, please visit the firm’s website at
http://rosenlegal.com/cases-638.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150616006727/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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