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The Briscoe Law Firm Investigates RAE Systems Inc. Concerning the Buy-Out by a Battery Ventures Affiliate

^{Published on 2010-09-23 15:00:43 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of [ RAE Systems Inc. ], (aRAEa) (AMEX: RAE) related to the proposed acquisition of RAE by an affiliate of Battery Ventures.

The acquisition agreement, which was announced on September 20, 2010, involves a transaction valued at approximately $94 million under which RAE shareholders will receive $1.60 in cash for each share ofRAE common stock they hold. Based on historical share values and other aspects of the proposed agreement, the investigation concerns whether the proposed share price is fair to RAE shareholders. In addition, the investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of RAE for approving this transaction and whether RAEa™s Board of Directors acted in the shareholdersa™ best interests.

If you currently own shares of RAE and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.