Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Ditech Networks, Inc. (“Ditech”)(NasdaqGM: DITC) to Nuance Communications, Inc. for shareholders. The proposed Ditech Network sale is valued at approximately $22.5 million and Ditech shareholders will receive only $1.45 in cash for each share of Ditech stock owned, well below at least one analyst’s estimated value of $2.25 per share.
There is no cost or fee for affected Ditech investors to join the action, so if 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 firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com.
Our Ditech Networks sale investigation centers on whether Ditech shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Ditech stock, and whether Ditech’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to Yahoo! Finance, at least one analyst has estimated that the true inherent value of Ditech could be as high as $2.25 per share, well above the proposed purchase price. “Due to the size of the transaction, our investigation is aimed at ensuring that transaction is fair to all Ditech shareholders. Our lawsuit will seek to obtain the highest possible price for their shares,” said shareholder rights attorney Willie Briscoe.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique Dallas litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.