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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Dealertrack Technologies Inc (NASDAQ: TRAK) acted responsibly on behalf of investors’ profitability in the planned $4 billion sale to Cox Automotive Inc.
On June 15, 2015, Dealertrack Technologies Inc (NASDAQ: TRAK) and Cox Automotive Inc announced that they had entered into a merger agreement. Under the terms of the merger agreement, Cox will offer Dealertrack shareholders $63.25 per share in cash for all outstanding shares.
Based in Lake Success, NY, and founded in 2001 Dealertrack Technologies Inc is provider of web-based software and services for the retail automotive industry in the U.S. and Canada. The web-based software assists dealers with lead conversion rates, inventory control, optimizing online shopping traffic, dealer management systems and more.
The investigation focuses on whether NASDAQ: TRAK investors received the highest price and whether the directors of Dealertrack Technologies Inc acted in the best interest of Dealertrack Technologies Inc company and its shareholders.
If you purchased Dealertrack Technologies Inc (NASDAQ: TRAK) prior to June 15, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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