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Investigation of Buyout of RAE Systems by Tripp Levy PLLC

^{Published on 2010-09-22 03:21:06 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of RAE Systems Inc. (AMEX: RAE). On September 20, 2010, it was announced that RAE had entered into a definitive merger agreement under which RAE would be acquired by Battery Ventures 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 investigation concerns, among other things, whether the consideration to be paid to RAE shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of RAE. Indeed, analysts have projected that RAEa™s true inherent value is in excess of $2 per share. The investigation further concerns whether the directors of RAE may not be acting in RAE shareholders' best interests in connection with the sale process of RAE.

If you own RAE common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

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