Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Transcend Services,
Inc. (NASDAQ: TRCR) relating to the proposed acquisition by Nuance
Communications, Inc. (“Nuance”).
Under the terms of the transaction, Transcend shareholders would receive
only $29.50 in cash for each share of Transcend stock they own. The
investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of Transcend for not
acting in the Company’s shareholders' best interests in connection with
the sale process to Nuance. The transaction may undervalue Transcend as
Transcend stock traded at $29.92 on July 6, 2011 and an analyst has set
a price target on Transcend stock at $34.00 per share.
If you own shares of Transcend stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your questions. You
may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004,
by e-mail at firstname.lastname@example.org,
or by calling toll free 877-LEGAL-90.