Science & Technology
Science and Technology
Science and Technology 
Tue, July 5, 2011
Mon, July 4, 2011
Sun, July 3, 2011
Sat, July 2, 2011
Fri, July 1, 2011
DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating Blackboard Inc. (NASDAQ:BBBB) for shareholders in connection with the proposed acquisition by an investor group led by affiliates of Providence Equity Partners. The national securities firma™s investigation seeks to determine whether Blackboard 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 Blackboard 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 July 1, 2011, Blackboard announced the definitive merger agreement under which the company would be acquired by an investor group led by affiliates of Providence Equity Partners, in a transaction valued at approximately $1.64 billion. Under the terms of the agreement, Blackboard stockholders will receive $45.00 in cash for each share of Blackboard/BBBB common stock held. The offer price represents a 3.7 percent premium to Blackboarda™s closing price on Thursday. According to Thompson/First Call, analysts have set a price target as high as $55.00 per share for Blackboarda™s stock. The firma™s investigation seeks to determine whether Blackboard 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.