The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Rural/Metr...
29 Mars 2011 - 7:28PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Rural/Metro Corporation (Nasdaq: RURL) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to private equity firm
Warburg Pincus. Under the terms of the proposed deal, Rural/Metro
shareholders will receive $17.25 cash per share for a total
transaction value of $438.2 million.
The investigation concerns whether the Rural/Metro Board of
Directors breached their fiduciary duties to Rural/Metro
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Warburg Pincus is
underpaying for Rural/Metro shares. According to Thomson/First
Call, one analyst set a price target for Rural/Metro stock at
$18.00 per share.
If you own common stock in Rural/Metro and wish to obtain
additional information, please contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/rural-metro-corp.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:Vincent Wong, Esq.39 East BroadwaySuite 304New York, NY
10002Tel. 212.584.2740Fax. 866.367.6510E-Mail: vw@wongesq.com
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