NEW YORK, June 24, 2019 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of PCM, Inc. ("PCMI" or
the "Company") (NASDAQ: PCMI) in connection with the proposed
acquisition of the Company by Insight Enterprises ("Insight")
(NASDAQ: NSIT). Under the terms of the agreement, PCMI
shareholders will receive $35.00 per
share in cash for each PCMI share they own.
If you are a shareholder of PCMI who wishes to
discuss the investigation or have any questions about this notice
and your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)593-4771
stockinfo@weisslawllp.com
Or visit our website
http://www.weisslawllp.com/pcm-inc/
Or follow us on Twitter
@MarketsAlert
WeissLaw is investigating whether PCMI's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, PCMI shares traded for $39.69, or $4.69
above the offer price, as recently as April. In addition, the
Company recently reported a record 52% increase in its diluted
earnings per share.
Finally, the acquisition of PCMI will: (1) enhance its ability
to capitalize on its solutions area investments; (2) increase its
technical and sales resources; and (3) expand its clientele to
include a new lucrative mid-market and corporate client
segment. According to the acquisition announcement, the deal
will also increase Insight's footprint in North America and the United
Kingdom.
WeissLaw is also concerned whether the deal creates shareholder
value for PCMI's shareholders. Specifically, WeissLaw is
investigating whether PCMI's Board conducted a fair process in
agreeing to the proposed merger, whether the proposed merger
undervalues the Company, and whether all material information
related to the proposed merger is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-pcm-inc-acquisition-300873860.html
SOURCE WeissLaw LLP