The Law Offices of Vincent Wong are 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 proposed transaction, DG FastChannel will pay MediaMind shareholders $22 in cash per share for a transaction having an enterprise value of approximately $414 million.
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. According to Thomson/First Call, 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 Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/mediamind-mdmd.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.