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Finkelstein Thompson LLP Announces Investigation of Blackboard Inc.

^{Published on 2011-07-01 16:25:39 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Blackboard Inc. (aBlackboarda or the aCompanya) (Nasdaq: BBBB) concerning the proposed acquisition of the Company by Providence Equity Partners. Under the terms of the offer, Blackboard shareholders will receive $45.00 in cash for each share they own. The transaction is valued at approximately $1.64 billion, and is expected to close in the fourth quarter of 2011.

The investigation is focused on the potential unfairness of the consideration to Blackboard shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Blackboard Board members. According to Yahoo! Finance, at least one analyst has set a price target of $55 for the Companya™s shares.

If you are interested in discussing your rights as a Blackboard shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.