Dynamex, Inc. Investor Investigation Concerning Unfairness Of Buyout Offer

If you are a current investor in Dynamex, Inc. (NASDAQ:DDMX) and purchased your DDMX shares prior to October 2010, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Dynamex
Affected Securities: 
NASDAQ: DDMX

An investigation concerning whether the offer to take over Dynamex, Inc. at $23.50 per share and sale process are unfair to Dynamex, Inc. (NASDAQ:DDMX) investors and certain officers and directors at Dynamex breached their fiduciary duties was announced.

The investigation by a law firm concerns whether Dynamex and certain of its officers and directors breached their fiduciary duties owed to Dynamex, Inc. (NASDAQ:DDMX) investors in connection with the proposed takeover.
On Tuesday, Nov. 23, after the market closed Dynamex Inc. (NASDAQ: DDMX) announced that Dynamex received an offer from an unnamed party that topped what was offered by private equity firm Greenbriar Equity Group LLC last month. Greenbriar Equity Group LLC offered $21.25 a share last month. Dynamex Inc said that it entered into an agreement with the unnamed party under which stockholders would receive $23.50 per share in cash, valuing Dynamex Inc at about $230 million. Dynamex Inc said Greenbriar Equity Group LLC has four business days to raise its offer. If Greenbriar Equity Group LLC doesn’t raise the offer and Dynamex Inc would proceed with the $23.50 offer, Dynamex Inc would have to pay Greenbriar Equity Group LLC a termination fee of nearly $6,298,475.

Shares of Dynamex, jumped from $21 per share before the news above the current offer to $23.69 per share in response to the buyout announcement.

Thus the investigation by a law firm concerns whether the offer undervalues Dynamex, Inc. and the sale process is unfair to the shareholders of Dynamex, Inc. (NASDAQ:DDMX).

Dynamex’ 12 month Total Revenue was relatively consistent over the past four 12months filing period ranging from $402.11million to $455.78million. Its Net Income over the same filing periods ranged from $8.75million to $15.78million.

Therefore the investigation concerns whether the Dynamex Board of Directors undertook an adequate and fair sales process to obtain fair consideration for all shareholders of Dynamex, Inc. (NASDAQ:DDMX) and breached their fiduciary duties to Dynamex, Inc. (NASDAQ:DDMX) shareholder by failing to adequately shop the Company before entering into any transaction.