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Law Offices of Howard G. Smith Announces Investigation of Renaissance Learning Inc.

  //science-technology.news-articles.net/content/2 .. s-investigation-of-renaissance-learning-inc.html
  Published in Science and Technology on Wednesday, August 17th 2011 at 9:31 GMT by Market Wire
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LOS ANGELES--([ BUSINESS WIRE ])--Law Offices of Howard G. Smithannounces that it is investigating potential claims against the Board of Directors of Renaissance Learning Inc. (aRenaissance Learninga or the aCompanya) (NASDAQ:RLRN) related to the proposed acquisition of the Company by a company formed at the direction of the Permira Funds. The transaction is valued at approximately $440 million or $14.85 per share.

The investigation concerns whether the Board of Directors of Renaissance Learning breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $7.98 on August 31, 2010 to $13.56 on July 25, 2011. Further, at least one analyst has set a target price for the Companya™s stock at $16.00.

If you are a shareholder of Renaissance Learning, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].