Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Deltek Inc. (“Deltek” or the “Company”) (NASDAQ: PROJ) (ISIN: US24784L1052) concerning the proposed acquisition of Deltek by Thoma Bravo in a cash transaction valued at approximately $1.1 billion. The investigation concerns whether the Deltek directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Deltek shareholders would receive $13.00 in cash per share of Deltek common stock. However, Deltek shares traded at above $14.00 last week and at least one analyst has set a target price of $16.00 per share. Deltek shareholders seeking more information about this acquisition are advised to contact Rebecca Jarmon at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 314. The Pomerantz Firm, with offices in New York, Chicago and San Diego, 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 75 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 defrauded investors. See www.pomerantzlaw.com.
Gregg Greenberg breaks down today's market action. Guests include Vikram Mansharamani, author of "Boombustology", David Peltier, TheStreet's Stocks Under $10 portfolio manager and Alison Lovett, vice president at Van Eck Global.