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 Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
* The submission of this form does not create an attorney-client relationship.
Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.