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The Law Office of Joseph Klein 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 10:51 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of Renaissance Learning, Inc. (NASDAQ: RLRN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of the Permira Funds. Under the deal, Renaissance Learning shareholders will receive $14.85 in cash per share. The transaction has a total approximate value of $440 million.

To receive more information, click here: [ http://www.jkleinlawfirm.com/renaissance-learning-inc.html ].

The investigation concerns whether the Renaissance Learning Board of Directors breached their fiduciary duties to Renaissance Learning stockholders by failing to adequately shop the Company before entering into this transaction and whether Permira Funds is underpaying for Renaissance Learning shares. At least one analyst set a price target of $16.00 per Renaissance Learning shares. Also, shareholders representing 69% of the Companya™s outstanding shares have agreed to vote in favor of the transaction.

If you own common stock in Renaissance Learning and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/renaissance-learning-inc.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.