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On Thursday, November 5, 2009, IMS announced that it had entered into a definitive agreement to be acquired by TPG and CPPIB in a transaction with a total value of $5.2 billion, including the assumption of debt. The agreement was unanimously approved by the IMS Board of Directors based upon the recommendation of the Transaction Committee that was established to undertake a review of IMS's strategic alternatives. Under the agreement, IMS shareholders will receive $22.00 cash for each share of IMS common stock they own. However, the Company may not have adequately shopped itself around before entering into this transaction and, pursuant to this transaction, TPG and CPPIB may be underpaying for IMS, thus unlawfully harming IMS shareholders.
Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.
If you own IMS common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Gustavo Bruckner or Derek Behnke
Wolf Haldenstein Adler Freeman
& Herz LLP
270 Madison Avenue
New York, New York 10016
Phone Numbers: (800) 575-0735
(212) 545-4600
Email: bruckner@whafh.com
Classmember@whafh.com
Website: http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
SOURCE: Wolf Haldenstein Adler Freeman & Herz LLP
Wolf Haldenstein Adler Freeman & Herz LLP Gustavo Bruckner or Derek Behnke 800-575-0735 or 212-545-4600 bruckner@whafh.com Classmember@whafh.com
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