An investigation for investors in NASDAQ:DTLK shares was announced concerning whether the takeover of Datalink Corporation by Insight Enterprises for $1.25 per share is unfair to NASDAQ:DTLK stockholders.
Investors who purchased shares of Datalink Corporation (NASDAQ:DTLK) and currently hold any of those NASDAQ:DTLK shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Datalink Corporation breached their fiduciary duties owed to NASDAQ:DTLK investors in connection with the proposed acquisition.
On November 7, 2016, Insight Enterprises (Nasdaq:NSIT) and Datalink Corporation (Nasdaq:DTLK) have entered into a merger agreement under which Insight will acquire Datalink Corporation (NASDAQ:DTLK) for $11.25 per share in cash.
However, given that NASDAQ:DTLK shares traded as high as $15.22 per share in 2014, the investigation concerns whether the offer is unfair to NASDAQ:DTLK stockholders. More specifically, the investigation concerns whether the Datalink Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Datalink Corporation reported that its annual Total Revenue rose from $630.24 million in 2014 to $764.76 million in 2015.
On November 21, 2016, NASDAQ:DTLK shares closed at $11.20 per share.
Those who are current investors in NASDAQ:DTLK shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego