N🟁N

Tripp Levy PLLC Announces Investigation of Blackboard Inc.

  //science-technology.news-articles.net/content/2 .. c-announces-investigation-of-blackboard-inc.html
  Published in Science and Technology on Friday, July 1st 2011 at 9:05 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Blackboard Inc.. (NASDAQ: BBBB) by Providence Equity Partners for $45 per share in cash.

The investigation concerns, among other things, whether the consideration to be paid to Blackboard shareholders is unfair, inadequate, and substantially below the fair or inherent value of Blackboard. Indeed, analysts have projected that Blackboarda™s true going forward value is approx. $55 per share. The investigation further concerns whether the board of directors of Blackboard may have breached their fiduciary duties by not acting in Blackboard shareholders' best interests in connection with the sale process of Blackboard.

If you own Blackboard common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.