updated 5/12/2011 6:18:33 PM ET 2011-05-12T22:18:33

NEW YORK, May 12, 2011 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors DEI Holdings, Inc. ("DEI" or the "Company") concerning the proposed acquisition of DEI by funds affiliated with Charlesbank Capital Partners in an all-cash transaction valued at $285 million.

The investigation concerns whether the board of directors breached their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, DEI shareholders will receive approximately $3.79 - $3.81 per share in cash. Funds affiliated with Trivest Partners, which own approximately 36% of total shares outstanding, have agreed to vote those shares for approval of the merger, and Charlesbank retains the right to match a superior offer, thus rendering any genuine go-shop provisions in the merger agreement ineffective.

DEI shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner@pomlaw.com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at rrboyle@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.

The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:  Rachelle R. Boyle
          Pomerantz Haudek Grossman & Gross LLP
          888-476-6529 (ext. 237)
          212-661-1100 (ext. 237)
          rrboyle@pomlaw.com

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