Energy News / Shareholders Foundation, Inc.

NASDAQ: DWCH Investor Alert: Investigation of Takeover of Datawatch Corporation by Altair

Via: ReleaseWire

Updated 12:00 PM CST, Fri, November 16,2018

An investigation on behalf of investors of Datawatch Corporation (NASDAQ: DWCH) in connection with the proposed takeover was announced and NASDAQ: DWCH stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 11/16/2018 -- An investigation was announced for investors, who currently hold shares of Datawatch Corporation (NASDAQ: DWCH), concerning whether the takeover of Datawatch Corporation by Altair is unfair to NASDAQ: DWCH stockholders.

Investors who purchased shares of Datawatch Corporation (NASDAQ: DWCH) and currently hold any of those NASDAQ: DWCH shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain directors of Datawatch Corporation breached their fiduciary duties owed to NASDAQ: DWCH investors in connection with the proposed acquisition.

Bedford, MA based Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. On November 5, 2018, Altair (Nasdaq: ALTR) and Datawatch Corporation (Nasdaq-CM: DWCH) announced the signing of a merger agreement under which Altair has agreed to acquire Datawatch. Under the terms of the agreement, Altair will pay $13.10 per share in cash, representing a fully diluted equity value of approximately $176 million.

However, given that at least one analyst has set the high target price for NASDAS: DWCH shares at $20.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: DWCH stockholders. More specifically, the investigation concerns whether the Datawatch Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Datawatch Corporation (NASDAQ: DWCH) closed on November 9, 2018 at $13.17 per share.

Those who are current investors in Datawatch Corporation (NASDAQ: DWCH) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-dwch-investor-alert-investigation-of-takeover-of-datawatch-corporation-by-altair-1083405.htm

Media Relations Contact
Michael Daniels
858-779-1554
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Web: http://www.ShareholdersFoundation.com