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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of RAE Systems Inc. in Connection with the Pro

^{Published on 2010-09-21 16:05:27 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of RAE Systems Inc. (aRAE Systemsa or the aCompanya) (AMEX:RAE) related to the Companya™s definitive agreement to be acquired by Battery Ventures. The proposed all-cash transaction is valued at approximately $95 million.

Under the terms of the Agreement and Plan of Merger entered into by the parties, Battery Ventures will pay RAE Systems shareholders $1.60 in cash for each share of the Companya™s common stock they own. The proposed transaction has been approved by a special committee of the RAE Systems board of directors. Upon completion of the proposed transaction, an affiliate of Battery Ventures will merge with and into RAE Systems, and the Company will operate as a wholly owned subsidiary of Battery Ventures. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by the RAE Systems board of directors.

If you are a shareholder of RAE Systems, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].