Rigrodsky & Long, P.A. Continues Its Investigation of Rural/Metro Corporation’s Sale to Warburg Pincus for Shareholders

Rigrodsky & Long, P.A. announces that it is continuing its investigation of potential claims against the board of directors of Rural/Metro Corporation (“Rural/Metro” or the “Company”) (Nasdaq: RURL) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by Warburg Pincus in a transaction valued at approximately $438.2 million. Click here to learn how to join the action: http://www.rigrodskylong.com/news/RuralMetroCorp-RURL.

Under the proposed agreement, Rural/Metro shareholders will receive $17.25 in cash for each share of Rural/Metro common stock they own.

The investigation concerns whether Rural/Metro’s board of directors failed to adequately shop the Company and obtain the best price possible for Rural/Metro’s shareholders before entering into the agreement with Warburg Pincus. Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $18.00 per share for Rural/Metro stock.

As recent as February 9, 2011, the Rural/Metro announced its fiscal second quarter 2011 financial results wherein Company President and CEO, Michael P. DiMino, commented: “Second-quarter activities reflect the continued strength of our growth initiatives and retention strategies as we effectively compete for market share. Our successes included a significant 911 contract win in Santa Clara County, California; the retention of key 911 and non-emergency contracts in central Florida; the acquisition of a new ambulance service in Colorado; and entry into new general transport markets.”

If you own the common stock of Rural/Metro and purchased your shares before March 28, 2011, 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 Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Rural/Metro Corp. (MM) (NASDAQ:RURL)
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