RALLY SOFTWARE DEVELOPMENT CORP. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
03 Juin 2015 - 12:44AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Rally Software
Development Corp. (NYSE: RALY)?
- Did you purchase any of your shares
prior to May 27, 2015?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Rally
Software Development Corp. (“Rally Software” or the “Company”)
(NYSE: RALY) regarding possible breaches of fiduciary duties and
other violations of law related to the Company’s entry into an
agreement to be acquired by CA, Inc. (“CA”) (NASDAQ GS: CA), in a
transaction valued at approximately $480 million.
Click here to learn more:
http://rigrodskylong.com/investigations/rally-software-development-corp-raly.
Under the terms of the agreement, shareholders of Rally Software
will receive $19.50 in cash for each share of Rally Software they
own.
The investigation concerns whether Rally Software’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Rally Software’s shareholders before entering
into an agreement with CA. According to Yahoo! Finance, at least
one analyst has issued a price target for Rally Software stock at
$24.00 per share.
If you own the common stock of Rally Software and purchased your
shares before May 27, 2015, 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 or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/rally-software-development-corp-raly.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150602007062/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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