Faruqi & Faruqi, LLP Investigates Related to the Acquisition of Dynamex Inc. - DDMXBy Avik, Gaea News Network
Wednesday, December 22, 2010
NEW YORK (GaeaTimes.com) — Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Dynamex Inc. (”Dynamex” or the “Company”) (NasdaqGS: DDMX) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to TransForce Inc. (Toronto: TFI.TO) and Termination of Merger Agreement with Affiliates of Greenbriar Equity Group, LLC. The proposed transaction offers Dynamex shareholders to only receive $25.00 in cash for each share they own, representing a 1.2% discount compared with Tuesday’s closing price. The transaction is valued at approximately $248 million.
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Whether the Dynamex’s Board of Directors breached their fiduciary duties to Dynamex’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Dynamex’s shares and by how much this proposed transaction undervalues the Company to the detriment of Dynamex shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Dynamex and wish to obtain additional information, please visit us at www.faruqilaw.com/DDMX or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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