Key Developments: SoundBite Communications Inc (SDBT.W)
4.95USD
28 May 2013
$-0.01 (-0.20%)
$4.96
$4.95
$4.95
$4.95
200
159
$4.96
$2.15
Latest Key Developments (Source: Significant Developments)
Genesys Commences Tender Offer For All Outstanding Shares Of SoundBite Communications Inc
Genesys Telecommunications Laboratories announced that it has commenced through its direct wholly-owned subsidiary Sonar Merger Sub Inc., a cash tender offer to purchase all outstanding shares of common stock of SoundBite Communications, Inc. Genesys announced its intention to acquire SoundBite on Monday, May 20, 2013. Upon the closing of the tender offer, stockholders of SoundBite will receive $5.00 in cash for each share of SoundBite common stock validly tendered and not validly withdrawn in the offer, without interest and less any applicable withholding taxes. Full Article
Securities lawyers at Deans & Lyons Announces Investigation Against SoundBite Communications Inc
Securities lawyers at Deans & Lyons announced an investigation of the board of SoundBite Communications Inc for a proposed sale to Genesys. Full Article
Lifshitz Law Firm Announces Investigation Of SoundBite Communications Inc
Lifshitz Law Firm announced an investigation into possible breaches of fiduciary duty in connection with the proposed sale of SoundBite Communications Inc to Genesys in a cash transaction valued at approximately $100.4 million or $5.00 per share in cash. Lifshitz Law Firm's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of SoundBite Communications Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of SoundBite Communications Inc relating to the proposed acquisition by Genesys. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of SoundBite for not acting in the Company`s shareholders' best interests in connection with the sale process. Full Article
Ryan & Maniskas, LLP Announces Investigation Of SoundBite Communications Inc
Ryan & Maniskas, LLP announced that it is investigating potential claims against the board of directors of SoundBite Communications Inc concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Genesys in a transaction valued at approximately $100 million. Investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of SoundBite. Full Article
Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of SoundBite Communications Inc In Connection With The Sale Of The Company To Genesys
Levi & Korsinsky announced that it is investigating the Board of Directors of SoundBite Communications Inc for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Genesys. The investigation concerns whether the SoundBite Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Genesys is underpaying for SoundBite stock, thus unlawfully harming SoundBite shareholders. Full Article
Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches Investigation of Soundbite Communications, Inc. Following Announcement of Proposed Sale of Company to Genesys
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of Soundbite Communications Inc for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Genesys in a deal valued at approximately $100 million. Under the terms of the proposed transaction, Soundbite`s stockholders will receive $5.00 in cash for each share of Soundbite common stock they own. The investigation focuses on whether Soundbite`s Board of Directors breached their fiduciary duties to the Company`s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Soundbite`s shareholders. Full Article
Rigrodsky & Long, P.A. Announces Investigation Of SoundBite Communications Inc Buyout
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of SoundBite Communications Inc regarding possible breaches of fiduciary duties and other violations of law related to the Company`s entry into an agreement to be acquired by Genesys (Genesys) in a transaction valued at approximately $100.4 million. The investigation concerns whether SoundBite`s board of directors failed to adequately shop the Company and obtain the best possible value for SoundBite`s shareholders before entering into an agreement with Genesys. Full Article
Law Firm Brower Piven Announces Investigation of SoundBite Communications Inc Proposed Buyout
The securities litigation firm of Brower Piven, A Professional Corporation, announced that it has commenced an investigation into possible breaches of fiduciary duty to current shareholders of SoundBite Communications Inc and other violations of state law by the board of directors of SoundBite relating to the proposed buyout of the Company by Genesys Telecommunications Laboratories, Inc. The firm`s investigation seeks to determine, among other things, whether the board of directors of SoundBite breached their fiduciary duties by failing to maximize shareholder value. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation of SoundBite Communications Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of SoundBite Communications Inc relating to the proposed acquisition by Genesys. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of SoundBite for not acting in the Company's shareholders' best interests in connection with the sale process. Full Article
BRIEF-SoundBite Communications jumps 65.6 percent premarket
NEW YORK, May 21 - SoundBite Communications Inc : * Jumps 65.6 percent to $4.95 in premarket; to be acquired by Genesys for $5 per share
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