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The Law Office of Abe Shainberg 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 Monday, August 22nd 2011 at 10:12 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg 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 a company formed at the direction of the Permira Funds. Under the terms of the proposed deal, Renaissance Learning shareholders will receive $14.85 per share for a total transaction value of $440 million. Shareholders representing 69% of the Companya™s outstanding shares have agreed to vote in favor of the transaction.

Click here to learn how to join the action: [ http://www.ashainberglaw.com/renaissance-learning.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. According to Yahoo! Finance, at least one analyst set a price target for Renaissance Learning stock at $16.00 per shares.

If you own common stock in Renaissance Learning and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/renaissance-learning.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.