SHAREHOLDER ALERT: WeissLaw LLP Investigates PCM, Inc. Acquisition
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.
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SOURCE WeissLaw LLP
