Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Diamond Management & Technology Consultan...
August 24 2010 - 8:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Diamond Management & Technology Consultants, Inc. (“Diamond” or
the “Company”) (NASDAQ:DTPI) related to the Company’s agreement to
be acquired by PricewaterhouseCoopers LLP (“PwC”). The proposed
all-cash transaction is valued at approximately $378 million.
Under the terms of the definitive merger agreement entered into
by the parties, PwC will acquire all of the outstanding shares of
Diamond common stock for $12.50 per share in cash. The board of
directors of Diamond has unanimously approved the proposed
transaction. Following the closing of the transaction, Diamond will
join the PwC Advisory practice. The transaction is expected to
close in the fourth quarter of calendar year 2010. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by Diamond’s board of directors.
If you own shares of Diamond, 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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