Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Salary.com, Inc. - SLRY
07 Septiembre 2010 - 11:42AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Salary.com, Inc. (“Salary.com” or the “Company”)
(NasdaqCM: SLRY) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Kenexa Corporation. The proposed transaction offers Salary.com
shareholders to only receive $4.07 in cash for each share they own.
The transaction is structured as a tender offer, which may avoid
the need for Salary.com shareholders to vote to approve the
transaction.
Whether the Salary.com’ Board of Directors breached their
fiduciary duties to Salary.com’ 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 Salary.com shares and by how much this
proposed transaction undervalues the Company to the detriment of
Salary.com 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 Salary.com and wish to obtain
additional information, please visit us at www.faruqilaw.com/salary
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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