Kendall Law Group, led by former federal judge Joe Kendall, is investigating Transcend Services, Inc. (NASDAQ: TRCR) for shareholders in connection with the proposed acquisition by Nuance Communications, Inc. The national securities firm’s investigation seeks to determine whether Transcend Services and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Transcend Services shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org.
On March 7, 2012, the companies announced the definitive merger agreement under which Transcend Services would be acquired by Nuance, in a transaction valued at approximately $300 million. Under the terms of the agreement, Transcend Services stockholders will receive $29.50 in cash for each share of Transcend Services/TRCR common stock held. According to Thompson/First Call, at least one analyst has set a price target of $34.00 per share for Transcend Services’ stock. The firm’s investigation seeks to determine whether Transcend Services and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.