Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Unica Corporation
14 August 2010 - 10:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Unica Corporation (“Unica” or the “Company”) (NASDAQ:UNCA) related
to the Company’s agreement to be acquired by IBM. The proposed cash
transaction is valued at approximately $480 million.
Under the terms of the definitive agreement entered into by the
parties, IBM will acquire all of the outstanding shares of Unica
stock for $21.00 per share in cash. The transaction is expected to
close in the fourth quarter of 2010. Upon completion of the
transaction, Unica’s employees will become part of IBM's Software
Solutions Group. The investigation concerns possible breaches of
fiduciary duty and other violations of law related to approval of
the proposed transaction by Unica’s board of directors.
If you own shares of Unica, 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 Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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