There is no guarantee that this process will result in a superior proposal, and the merger agreement provides Siris
with a customary right to match a superior proposal.
The investigation concerns whether PGI's board of directors failed to adequately shop the Company and obtain the best possible value for PGI's shareholders before entering into an agreement with Siris
According to the agreement, Siris
is to acquire all of the outstanding common shares of Digital River for USD 26.
Worth around $840 million, the deal will see Siris
acquiring the entire outstanding common stock of Digital River for $26.
has secured committed financing consisting of a combination of equity and debt.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Tekelec for not acting in the Company's shareholders' best interests in connection with the sale process to Siris
NEW YORK -- Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Tekelec (NASDAQ: TKLC) (referred to as "Tekelec" or the "Company") to a consortium led by Siris
Capital Group, LLC ("Siris
") and including affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners LP, Sankaty Advisors LLC, ZelnickMedia and other Siris
limited partners and affiliates.
Private equity firm Siris
Capital Group is acquiring Digital River in a deal expected to be completed soon pending final approvals.
NEW YORK -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Tekelec (the "Company") (NASDAQ: TKLC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to a consortium led by Siris
Capital Group and including affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners Sankaty Advisors LLC, ZelnickMedia and other Siris
limited partners and affiliates, in an all-cash deal valued at about $780 million.
DRIV") to a group led by Siris
Capital Group, LLC in a transaction valued at $26.
Lifshitz & Miller Law Firm Announces Investigation of AmREIT, Inc., Digital River, Inc., Greater Sacramento Bancorp., Hampden Bancorp, Inc., Integrity Bancshares, Inc., Retrophin, Inc. and Sapient Corp
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Tekelec ("Tekelec" or the "Company") (Nasdaq - TKLC) relating to the proposed acquisition by a consortium led by Siris
Capital Group, LLC ("Siris
NasdaqGS: DRIV) ("Digital River") in connection with the sale of the Company to Siris
Capital Group, LLC.