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This is a Press Release edited by StorageNewsletter.com on November 11, 2016 at 2:41 pmWeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Datalink Corporation in connection with the proposed acquisition of the company by Insight Enterprises, Inc.
On November 7, 2016, the company announced that it had reached a definitive agreement for Insight to acquire all outstanding shares of DTLK for $11.25 in cash per share, implying an equity value of approximately $258 million.
WeissLaw is investigating whether Datalink’s board acted to maximize shareholder value prior to entering into the agreement. Notably, the premium over Datalink’s closing price is lower than that of comparable transactions.
Given these facts, WeissLaw is investigating whether Datalink’s board acted in the best interests of public shareholders to maximize shareholder value prior to entering into the agreement.