Levi & Korsinsky is investigating the Board of Directors of MediaMind Technologies Inc. (NASDAQ: MDMD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to DG FastChannel, Inc. Under the terms of the transaction, MediaMind shareholders will receive $22 in cash for each share of MediaMind common stock. The transaction has an enterprise value of $414 million.
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The investigation concerns whether MediaMind Board of Directors breached their fiduciary duties to MediaMind stockholders by failing to adequately shop the Company before entering into this transaction and whether FastChannel is underpaying for MediaMind shares, thus unlawfully harming MediaMind stockholders. In particular, at least one analyst set a target price for MediaMind stock of $23 per share.
If you own common stock in MediaMind and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
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Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.