Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of Transcend Services, Inc. (“Transcend” or the “Company”) (NASDAQ: TRCR) (ISIN: US8939292087) concerning the proposed acquisition of Transcend by Nuance Communications, Inc. in a cash transaction valued at approximately $300 million.
The investigation concerns whether the Transcend directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Transcend shareholders would receive $29.50 in cash per share of Transcend common stock. However, several analysts have set a target price at as high as $34.00 per share.
Transcend shareholders seeking more information about this acquisition are advised to contact Rebecca Jarmon at email@example.com or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.