Faruqi & Faruqi, LLP Announces Investigation of DDi Corp. (DDIC)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of DDi Corp. (“DDi” or the “Company”) (NASDAQ: DDIC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Viasystems Group, Inc. (NASDAQ: VIAS) in an all-cash transaction valued at about $282 million, or $268 million net of DDi’s cash plus debt assumed. Under the terms of the proposed transaction, DDi’s shareholders will receive $13.00 in cash for each share of DDi common stock they own.
Whether DDi’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 the proposed transaction undervalues DDi’s shares and by how much this proposed transaction undervalues the Company to the detriment of DDi’s shareholders are the key focus of this investigation.
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Faruqi & Faruqi, LLP
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