This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Deltek Investor Alert: The Briscoe Law Firm And Powers Taylor, LLP Investigate Deltek, Inc. Sale To Thoma Bravo, LLC For Shareholders

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Deltek, Inc. (“Deltek”) (NASDAQ: PROJ) to private equity firm Thoma Bravo, LLC for shareholders. Under the proposed transaction, Deltek shareholders will only receive $13.00 in cash per share of Deltek stock owned, which is 7% below the previous day’s close and well below at least one analyst’s estimated value of $16.00 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at There is no cost or fee to you.

The definitive agreement involves a transaction with a total equity value of approximately $1.1 billion and is expected to close in the fourth quarter of 2012. After the transaction closes, Deltek will become a privately held company and no longer trade on the NASDAQ.

The investigation centers on whether Deltek shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Deltek stock, and whether Deltek’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, at least one analyst with Yahoo! Finance estimates that the true inherent value of Deltek stock could be as high as $16.00 per share, well above the proposed transaction price of $13.00. Thus, according to shareholder rights attorney Willie Briscoe, “Due to the value attributed to the stock by analysts, the lack of any premium and other factors, we believe that the transaction may undervalue Deltek stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free


DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs