Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of DemandTec, Inc. ("DemandTec" or the "Company") (Nasdaq: DMAN) arising from its agreement to be acquired by International Business Machines Corp ("IBM"). Under the terms of the definitive merger agreement, DemandTec shareholders will receive $13.20 cash for each share owned by them. The proposed transaction has a total value of $440 million.
Weiss & Lurie is investigating whether DemandTec's Board acted in the best interests of its shareholders in approving the transaction, including whether the consideration being paid to shareholders is fair in light of the true inherent value of the Company, and whether the Board engaged in an adequate sales process in connection with proposed transaction. The Company's stock traded at levels that exceeded $14.00 per share as recently as February 2011. If you own DemandTec shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Richard A. Acocelli either by email at info@weisslurie.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.
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Contacts:
Weiss & Lurie
Richard A. Acocelli, Esq.
1500 Broadway, 16th
Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslurie.com
info@weisslurie.com