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
The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Blackboard Inc.
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Blackboard Inc. (aBlackboarda or the aCompanya) (NASDAQ: BBBB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an investor group led by affiliates of Providence Equity Partners. Under the terms of the transaction, Blackboard stockholders will receive $45.00 in cash for each share of Blackboard stock they own. The transaction has a total value of approximately $1.64 billion, plus the assumption of approximately $130 million in net debt.
Click here to learn how to join the action: [ http://zlk.com/blackboard ], or call: 877-363-5972.
The investigation concerns whether the Blackboard Board of Directors is adequately shopping the Company and working to obtain the best price possible for Blackboard shareholders. In particular, Blackboard stock traded as high as $48.80 per share as recently as April 21, 2011. Furthermore, at least one analyst set a price target for Blackboard stock at $55.00 per share.
If you own common stock in Blackboard and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/blackboard-bbbb.html ].
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.