Kendall Law Group Investigates Acquisition Of Interactive Data Corporation By Silver Lake And Warburg Pincus For Shareholders
Kendall Law Group, a national securities firm, is investigating Interactive Data Corporation (NYSE: IDC) for shareholders in connection with the proposed sale of the Company to investment funds managed by Silver Lake and Warburg Pincus. The firm’s investigation seeks to determine whether IDC and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an IDC shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On May 3, 2010, the companies announced that they had entered into an agreement for IDC to be acquired by Silver Lake and Warburg for $3.4 billion. According to the agreement, IDC shareholders will receive $33.86 per share, only a 3% premium over its closing price of $32.99 on Monday before the announcement. Also, the stock was trading at $34 as recently as April 21, 2010. The transaction is expected to close in the third quarter of 2010. Interactive Data subsequently postponed its annual shareholders meeting, initially scheduled for May 25, until further notice.
Kendall Law Group was founded by a former federal judge, includes a
former United States Attorney, prosecutors and securities lawyers who
are experienced in complex securities litigation. The firm has been
counsel in dozens of merger and acquisition cases nationwide, including
some of the largest transactions in the United States.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
