NEW YORK--(BUSINESS WIRE)--
Tripp Levy PLLC is investigating the Board of Directors of Telanetix, Inc. (“Telanetix” or the “Company”) (TNIX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Intermedia.
Under the terms of the transaction, Telanetix shareholders will receive $7.40 for each share of Telanetix stock they own. The transaction has total approximate value of $55 million. The investigation concerns whether the Telanetix Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Intermedia is underpaying for Telanetix shares, thus unlawfully harming Telanetix stockholders.
If you own common stock in Telanetix and wish to obtain additional information at no cost, please contact us toll-free 1-877-772-3975 or email at contact @ tripplevy