Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Monday, June 15, 2015
Faruqi & Faruqi Investigation: Dealertrack Technologies, Inc.
DEALERTRACK TECHNOLOGIES SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Dealertrack Technologies, Inc. (TRAK) Over the Proposed Sale of the Company to Cox Automotive, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Dealertrack Technologies, Inc. (“Dealertrack” or the “Company”) (NasdaqGS:TRAK) for potential breaches of fiduciary duties in connection with the sale of the Company to Cox Automotive, Inc. for approximately $4 billion. The Company’s stockholders will only receive $63.25 per share in cash for each share of Dealertrack common stock they own.
The values offered is barely above at least one Dealertrack price target, which is set at $63.00. However, financial analysts forecast that the Company’s stock will continue climbing and will trade higher than the current price offered.
If you own common stock in Dealertrack and wish to obtain additional information and protect your investments free of charge, please fill out the for below or contact F&F'sJuan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.