The Law Office of Abe Shainberg is investigating the Board of Directors of TechTeam Global, Inc. (“TechTeam Global” or the “Company”) (NasdaqGM: TEAM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to an affiliate of Stefanini International Holdings (“Stefanini IT Solutions”). Under the terms of the transaction, TechTeam Global shareholders will receive $8.35 in cash per share for a total transaction value of approximately $93.4 million. The transaction will be accomplished through an all-cash tender offer and second-step merger.
The investigation concerns whether the TechTeam Global Board of Directors breached their fiduciary duties to TechTeam Global stockholders by failing to adequately shop the Company before entering into this transaction and whether Stefanini IT Solutions is underpaying for TechTeam Global shares. On October 5, 2010, TechTeam Global sold its Government Solutions Business for a net cash price of $43 million.
If you own common stock in TechTeam Global and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at email@example.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/techteam-global-team.html.
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.