NEW YORK, March 7, 2012 /PRNewswire/ -- Harwood Feffer LLP ( www.hfesq.com) is investigating potential claims against the board of directors of Transcend Services, Inc. ("Transcend" or the "Company") (NASDAQ: TRCR) concerning the Company's agreement to be purchased by Nuance Communications, Inc. ("Nuance") in a transaction valued at approximately $300 million.
On March 7, 2012, it was announced that Nuance and Transcend had entered into an agreement pursuant to which Nuance will acquire the outstanding shares of Transcend via tender offer. Under the agreement, Transcend shareholders will receive $29.50 per share held. At least one analyst has set a target price for Transcend stock of $34.00.
Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of Transcend, disclosing all material benefits and costs and obtaining full and fair consideration for Transcend shareholders.If you own Transcend shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact: Robert I. Harwood, Esq. Benjamin Sachs-Michaels Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: firstname.lastname@example.org Website: http://www.hfesq.com Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ( http://www.hfesq.com) for more information about the firm. Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ( www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. SOURCE Harwood Feffer LLP