The Law Office of Abe Shainberg Announces Investigation of Renaissance Learning, Inc.
22 Août 2011 - 7:02PM
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 Company’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.
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