DemandTec
Symbol:
DMAN
Class Period:
Status:
Investigating
Documents:
Pomerantz is investigating claims on behalf of investors of DemandTec (“DemandTec” or the “Company”) (NASDAQ:DMAN) concerning the proposed acquisition of DemandTec by IBM in a cash transaction valued at $440 million.
The investigation concerns whether the board of directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. The Company’s earnings release dated September 29, 2011 reveals that the Company has cash, cash equivalents and marketable securities of $70 million.
DemandTec shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner [at] pomlaw [dot] com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at rrboyle [at] pomlaw [dot] com or 212-661-1100 or 888-476-6529, ext. 237.
