NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Terremark Worldwide, Inc. (“Terremark” or the “Company”) (Nasdaq: TMRK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Verizon Communications, Inc. (“Verizon”) (NYSE: VZ). Under the terms of the transaction, Terremark shareholders will receive $19.00 in cash per share for a total transaction value of $1.4 billion. Verizon also entered into agreements with three Terremark stockholders to tender their shares into the offer, representing approximately 27.6 percent of the outstanding voting shares of Terremark.
The investigation concerns whether the Terremark Board of Directors breached their fiduciary duties to Terremark stockholders by failing to adequately shop the Company before entering into this transaction and whether Verizon is underpaying for Terremark shares, thus unlawfully harming Terremark stockholders.
If you own common stock in Terremark and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/terremark.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.