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Murray Frank LLP Announces Investigation of Radiant Systems, Inc.


//science-technology.news-articles.net/content/2 .. ounces-investigation-of-radiant-systems-inc.html
Published in Science and Technology on Wednesday, July 13th 2011 at 11:30 GMT by Market Wire   Print publication without navigation


NEW YORK--([ BUSINESS WIRE ])--MURRAY FRANK LLP is investigating claims of breach of fiduciary duty by certain members of the board of directors of Radiant Systems, Inc. (NASDAQ: RADS) ("Radiant" or "the Company") in relation to the acquisition of the Company by NCR Corporation (aNCRa).

On July 11, 2011, Radiant and NCR announced that NCR would acquire Radiant pursuant to a transaction under which Radiant stockholders will receive $28.00 for each share of Radiant common stock, for a total deal worth approximately $1.2 billion. The amount represents a premium of only 30.5% over the closing price of the stock prior to the announcement.

The investigation concerns whether certain members of the board of directors breached their fiduciary duty in connection with their efforts to sell Radiant to NCR for an inadequate price through an unfair process, which significantly undervalues the Company.

If you are a current investor in Radiant, who purchased RADS shares before July 11, 2011, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Gregory Frank at (800) 497-8076 or (212) 682-1818, or by email at [ investigations@murrayfrank.com ].


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