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Harwood Feffer LLP Investigates Blackboard Inc.

  //science-technology.news-articles.net/content/2 .. wood-feffer-llp-investigates-blackboard-inc.html
  Published in Science and Technology on Tuesday, July 5th 2011 at 22:20 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP (aHarwood Feffera) is investigating Blackboard Inc. (aBlackboarda) (NASDAQ: BBBB) in connection with the proposed acquisition by an investor group led by affiliates of Providence Equity Partners (aProvidencea). Harwood Feffer 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 Harwood Feffer at the Harwood Feffer website ([ http://hfesq.com ]) or toll free at (877) 935-7400.

On July 1, 2011, Blackboard announced a definitive merger agreement under which it would be acquired by an investor group led by affiliates of Providence, in a transaction valued at approximately $1.64 billion. Under the terms of the agreement, Blackboard shareholders will receive $45.00 in cash for each of share of Blackboard common stock. The offer price represents a 3.7 percent premium to Blackboarda™s closing price on Thursday, June 30, 2011. According to Thompson/First Call, analysts set a price target as high as $55.00 per share for Blackboarda™s stock. This firma™s investigation seeks to determine whether Blackboard and its Board undertook a fair process in negotiating the deal.

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ([ http://www.hfesq.com ]) for more information about the firm.

Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.