NEW YORK, June 12, 2017 /PRNewswire-USNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of DuPont Fabros Technology, Inc. ("DFT" or the "Company") (NYSE: DFT) in connection with the proposed acquisition of the Company by Digital Realty Trust, Inc. ("DLR"). Under the terms of the agreement, the Company's shareholders will receive 0.545 of a share of DLR for each DFT share they own, representing consideration of $61.75 based on DLR's June 12 opening price.
WeissLaw is investigating whether DFT's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the per-share consideration represents a meager 10.76% premium over DFT's June 8 trading price of $55.75. Additionally, according to DLR's CEO, the acquisition is a "strategic and complementary transaction [that] significantly enhances [DLR]'s ability to support the growth of hyper-scale users in the top U.S. data center metro areas." The deal is expected to expand DLR's presence in high-demand metro areas with strong growth prospects, expand its product offering and improve DLR's ability to meet customers' needs, and enhance the credit quality of its customer base.
Given these facts, WeissLaw is investigating whether DFT shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects. If you own DFT shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
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 email@example.com or fill out the form on our website, http://www.weisslawllp.com/dupont-fabros-technology-inc/
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SOURCE WeissLaw LLP