Investigation of Double-Take by Ryan & Maniskas …
In connection with merger agreement with Vision Solutions
This is a Press Release edited by StorageNewsletter.com on May 18, 2010 at 3:28 pmRyan & Maniskas, LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of Double-Take Software, Inc. in connection with their actions in causing Double-Take Software to enter into a merger agreement with Vision Solutions, Inc., a portfolio company of Thoma Bravo, LLC, in a transaction with a net offer value of approximately $242 million.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Double-Take Software.
Under the terms of the agreement, Double-Take Software stockholders will receive $10.55 in cash for each share of Double-Take Software common stock they hold.