Science & Technology
Thu, August 25, 2011Wed, August 24, 2011Tue, August 23, 2011Mon, August 22, 2011Sun, August 21, 2011Sat, August 20, 2011Fri, August 19, 2011Thu, August 18, 2011Wed, August 17, 2011Tue, August 16, 2011Mon, August 15, 2011Sun, August 14, 2011Fri, August 12, 2011Thu, August 11, 2011Wed, August 10, 2011Tue, August 9, 2011Mon, August 8, 2011Faruqi & Faruqi, LLP Announces Investigation of Renaissance Learning, Inc.
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Published in Science and Technology on Tuesday, August 16th 2011 at 11:26 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Renaissance Learning, Inc. (aRenaissancea or the aCompanya) (NASDAQ: RLRN) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Permira Funds, a European private equity firm, in an all-cash deal valued at about $440 million. Under the terms of the proposed transaction, Renaissance will become a privately held company and its stockholders will receive $14.85 in cash per each share of Renaissance they own, while, according to Yahoo! Finance, at least one financial analyst has set a price target of $16 for Renaissance. The transaction is expected to close in the fourth quarter of 2011.
Request more information now by clicking here: [ www.faruqilaw.com/RLRN ]
Whether Renaissancea™s Board of Directors breached their fiduciary duties to the Companya™s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this transaction, whether the proposed transaction undervalues Renaissancea™s shares and by how much this transaction undervalues the Company to the detriment of Renaissancea™s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.
If you own common stock in Renaissance and wish to obtain additional information, please visit us at [ www.faruqilaw.com/RLRN ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
