Science & Technology
Science and TechnologyScience and Technology 
Tue, August 16, 2011
Tripp Levy PLLC Announces Investigation of Renaissance Learning
NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Renaissance Learning, Inc. (NASDAQ: RLRN) by the Permira Funds. Under the terms of the transaction, Renaissance shareholders will receive $14.85 per share.
Co-founders Terrance and Judith Paul, together with affiliates and members of their family, have agreed to vote the shares they control representing, in the aggregate, approximately 69% of the Company's outstanding shares, in favor of the transaction.
The investigation concerns, among other things, whether the consideration to be paid to Renaissance shareholders is unfair, inadequate, and substantially below the fair or inherent value of Renaissance. Indeed, analysts have projected that the true inherent value of the company is approx. $16 per share. The investigation further concerns whether the board of directors of Renaissance may have breached their fiduciary duties by not acting in Renaissance shareholders' best interests in connection with the sale process of Renaissance.
If you own Renaissance 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 |
| Tripp Levy PLLC |
| 125 East 82nd Street |
| 9th Floor |
| New York, New York |
| Toll Free: 877-772-3975 |
Email: [ contact@tripplevy.com ]
|
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.