Kendall Law Group Investigates Diamond Management & Technology, Inc. Acquisition for Shareholders
August 24 2010 - 11:28AM
Business Wire
Kendall Law Group, led by a former federal judge with attorneys
that include a former U.S. Attorney, is investigating Diamond
Management & Technology, Inc. (NASDAQ: DTPI) for shareholders
in connection with the proposed acquisition by
PricewaterhouseCoopers LLP. The national securities firm’s
investigation seeks to determine whether Diamond and its Board
breached their fiduciary duties by entering into the agreement
without properly shopping for a deal that would provide better
value for shareholders. If you are a Diamond shareholder and would
like additional information about your rights, contact the Kendall
Law Group at 877-744-3728 or by email at
skendall@kendalllawgroup.com.
On August 24, 2010 Diamond and PricewaterhouseCooper announced
that the companies have entered into a definitive merger agreement
under which Diamond would be acquired by PricewaterhouseCooper in a
transaction valued at approximately $378 million. Under the terms
of the agreement, Diamond stockholders will receive $12.50 in cash
for each share of Diamond common stock. While the companies have
reported that the transaction represents a premium of 31% to
Diamond's August 23, 2010 closing stock price of $9.54, Diamond’s
average closing share price was approximately $10.35 from June 1,
2010 through August 23. Additionally, according to Thompson/First
Call, at least one analyst has set a $14.00 price target for
Diamond shares.
Kendall Law Group was founded by a former federal judge Joe
Kendall, includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. Since leaving the bench and returning to trial work,
Mr. Kendall has had tremendous success at the prosecution of
patent, consumer and securities class action litigation either as
lead, co-lead or liaison counsel. The firm has been counsel in
numerous merger and acquisition cases nationwide, including some of
the largest transactions in the United States.
Diamond Management & Technology Consultants, Inc. (MM) (NASDAQ:DTPI)
Historical Stock Chart
From May 2024 to Jun 2024
Diamond Management & Technology Consultants, Inc. (MM) (NASDAQ:DTPI)
Historical Stock Chart
From Jun 2023 to Jun 2024
