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Kendall Law Group Investigates RAE Systems Inc. Acquisition for Shareholders

^{Published on 2010-09-21 10:50:37 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating RAE Systems Inc. (AMEX: RAE) for shareholders in connection with the proposed acquisition by an affiliate of Battery Ventures. The national securities firma™s investigation seeks to determine whether RAE and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a RAE shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On September 20, 2010 the companies announced that they had entered into a definitive merger agreement under which RAE would be acquired by the Battery Ventures affiliate in a transaction valued at approximately $95.3 million. Under the terms of the agreement, RAE stockholders will receive $1.60 in cash for each share of RAE common stock. The firma™s investigation seeks to determine whether RAEa™s board of directors adequately shopped the company and obtained the best price possible for shareholders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.