San Diego, CA -- (SBWIRE) -- 06/30/2015 -- An investigation on behalf of investors, who currently hold shares of DealerTrack Technologies Inc (NASDAQ:TRAK), was announced concerning whether the takeover of DealerTrack Technologies Inc. by Cox Automotive, Inc for $63.25 per share is unfair to NASDAQ:TRAK stockholders.

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

The investigation by a law firm concerns whether certain officers and directors of DealerTrack Technologies Inc breached their fiduciary duties owed to NASDAQ:TRAK investors in connection with the proposed acquisition.

On June 15, 2015, Cox Automotive, Inc. and DealerTrack Technologies Inc (NASDAQ:TRAK) announced that they have entered into a definitive merger agreement. Under the terms of the proposed transaction, Cox Automotive will acquire DealerTrack Technologies Inc (NASDAQ:TRAK) in an all-cash transaction valued at $4 billion, or $63.25 per NASDAQ:TRAK share.

However, the investigation concerns whether the offer is unfair to NASDAQ:TRAK stockholders. More specifically, the investigation concerns whether the DealerTrack Technologies 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.

On June 26, 2015, NASDAQ:TRAK shares closed at $62.82 per share.

Those who are current investors in DealerTrack Technologies Inc (NASDAQ:TRAK) 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