BOULDER, Colo., Jan. 15, 2009 (GLOBE NEWSWIRE) -- The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty in connection with the proposed acquisition of Aladdin Knowledge Systems, Ltd. ("Aladdin" or the "Company") (Nasdaq:ALDN).
On January 12, 2009, Aladdin announced their intent to sell the Company to a private investor group headed by Vector Capital. Under the terms of the merger agreement, Aladdin shareholders would receive $11.50 per share in cash for a total sale price of approximately $160 million. Aladdin stock had traded at more than $12 per share within the past three months and as high as $23.00 over the past year.
If you currently own Aladdin common stock and would like a free consultation concerning your rights and interests, please contact Kip Shuman, Esq. or Rusty Glenn, Esq. toll-free at 866-974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative litigation.