N@N

Harwood Feffer LLP Announces Investigation of Renaissance Learning, Inc.

^{Published on 2011-08-16 13:46:47 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of Renaissance Learning, Inc. (aRenaissancea or the aCompanya) (NASDAQ: RLRN) concerning its proposed acquisition by a company created by Pemira Funds (aPemiraa) in a transaction valued at approximately $440 million. The transaction is expected to close within the next six months.

Under the proposed transaction, Renaissance shareholders will receive $14.85 per share in cash for each Renaissance share owned.

Harwood Feffera™s investigation concerns whether the board of directors has undertaken a fair process to obtain fair consideration for all shareholders of Renaissance, particularly in light of Renaissancea™s recent performance. Renaissance recently released its Form 10-Q for the second quarter of 2011, a traditionally slower quarter according to Renaissance, but it showed increased revenues and sales for the same period in 2010. Renaissance share price has risen from $10.40 on June 10, 2011 to $13.52 on August 3, 2011. At least one analyst has set a target price for the Companya™s stock at $16.00.

If you own shares of Renaissance and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Robert I. Harwood, Esq. at [ rharwood@hfesq.com ] or James G. Flynn, Esq. at [ jflynn@hfesq.com ]. You may also call them at (877) 935-7400. For more information about class actions, or to sign up online, please visit our website: [ www.hfesq.com ].

Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

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.