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Kendall Law Group Investigates SRA International, Inc. Acquisition for Shareholders

^{Published on 2011-04-01 17:25:19 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating SRA International, Inc. (NYSE: SRX) for shareholders in connection with the proposed acquisition by an affiliate of Providence Equity Partners. The national securities firma™s investigation seeks to determine whether SRA International 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 SRA International 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 April 1, 2011, SRA International announced the definitive merger agreement under which SRA International would be acquired by an affiliate of Providence Equity Partners, in a transaction valued at approximately $1.88 billion. Under the terms of the agreement, SRA International stockholders will receive $31.25 in cash for each share of SRA International/SRX common stock held. The offer price represents a 10.2% premium based on the March 31, 2011 closing price of $28.36. On March 9, 2011, Reuters reported that at least two other private equity firms, Veritas Capital and General Atlantic, were still showing interest in acquiring SRA International. The firma™s investigation seeks to determine whether SRA International and its Board undertook a fair process in negotiating the deal.

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.