BALA CYNWYD, Pa., March 9, 2012 - Law office of Brodsky & Smith, LLC announces that
it is investigating potential claims against the Board of Directors of
Transcend Services, Inc. (NASDAQ- Transcend) relating to the proposed
acquisition by Nuance Communications, Inc. ("Nuance").
Under the terms of the transaction, Transcend shareholders would receive only $29.50
in cash for each share of Transcend stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of
state law by the Board of Directors of Transcend for not acting in the
Company's shareholders' best interests in connection with the sale
process to Nuance. The transaction may undervalue Transcend as Transcend
stock traded at $29.92 on July 6, 2011 and an analyst has set a price target on Transcend stock at $34.00 per share.
If you own shares of Transcend stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your questions.
You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/392-trcr-transcend-services-inc.html, or by calling toll free 877-LEGAL-90.
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