… And by Howard G. Smith
On behalf of shareholders
This is a Press Release edited by StorageNewsletter.com on May 18, 2010 at 3:28 pmLaw offices of Howard G. Smith is investigating potential claims against the board of directors of Double-Take Software, Inc. related to the Company’s agreement to be acquired by Vision Solutions, Inc. The proposed transaction is valued at approximately $242 million.
Under the terms of the definitive merger agreement entered into by the parties, Double-Take stockholders will receive $10.55 in cash for each share of Double-Take common stock they hold. The transaction is expected to be completed in the third quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Double-Take’s board of directors.