Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Dynamex Inc. (NASDAQ: DDMX) (referred to as "Dynamex" or the "Company") by entities controlled by Greenbriar Equity Group LLC ("Greenbriar") in a cash transaction valued at approximately $210 million.
Under the terms of the merger agreement and plan of merger, each then outstanding share of Dynamex will be converted into the right to receive $21.25 per share in cash. Following completion of the proposed transaction, Dynamex will no longer trade publicly and will be wholly-owned by affiliates of Greenbriar. Completion of the transaction is subject to the approval by holders of a majority of Dynamex's common shares.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.
If you are a holder of Dynamex stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.
If you are a shareholder of Dynamex and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to Dynamex.
Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.
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Contacts:
Bull & Lifshitz, LLP
Joshua M. Lifshitz, Esq., 212-213-6222
Fax:
212-213-9405
counsel@nyclasslaw.com