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DemandTec, Inc. Buyout Faces Investor Investigation Over Possible Breaches Of Fiduciary Duties

  • If you are a current investor in DemandTec, Inc. (NASDAQ DMAN) and purchased your DMAN shares prior to the announcement, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.

  • 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

Company
DemandTec, Inc.
Security
NASDAQ: DMAN

Acquiring Company
IBM
Summary

San Diego, Dec. 8, 2011 (Shareholders Foundation) -- The proposed takeover of DemandTec by IBM for $13.20 per share prompted investigations for investors in shares of DemandTec, Inc. (NASDAQ:DMAN) concerning whether the offer to acquire DemandTec Inc. and the buyout process are unfair to investors of NASDAQ: DMAN and whether certain of its officers and directors at DemandTec or others breached their fiduciary duties.

The investigations by law firms concern whether DemandTec, certain of its officers and directors, and/or others breached their fiduciary duties owed DemandTec, Inc. (NASDAQ:DMAN) investors in connection with the proposed acquisition.

On December 8, 2011 IBM (NYSE: IBM) and DemandTec (Nasdaq: DMAN) announced that the two companies have entered into a merger agreement for IBM to acquire DemandTec in an all cash transaction at a price of $13.20/share, or at a net price of approximately $440 million, after adjusting for cash.

Following the takeover proposal shares of DemandTec, Inc. (Public, NASDAQ:DMAN) jumped from $8.43 on Wednesday to $13.13 on Thursday.

However, NASDAQ: DMAN shares traded as recently as March 30, 2011 as high as $13.24 and on February 14, 2011 as high as $14.07, both above the current offer.

Therefore the investigation for investors concerns whether the DemandTec Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to DemandTec, Inc. (NASDAQ:DMAN) shareholders by failing to adequately shop the Company before entering into this transaction.
A potential securities class action lawsuit would seek to maximize the amount of money and information DemandTec (DMAN) shareholders would receive in a buyout, so the law firm.

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