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If you purchased shares of Datalink Corporation (NASDAQ:DTLK) and currently hold any of those NASDAQ:DTLK shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
November 14, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Datalink Corporation (NASDAQ:DTLK), was announced concerning whether the takeover of Datalink Corporation by Insight Enterprises for $1.25 per share is unfair to NASDAQ:DTLK stockholders.
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 asd $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 14, 2016, NASDAQ:DTLK shares closed at $11.16 per share.
