Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of RiskMetrics Group, Inc.
02 Mars 2010 - 6:44AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
RiskMetrics Group, Inc. (“RiskMetrics” or the “Company”)
(NYSE:RISK) related to the Company’s agreement to be acquired by
MSCI Inc. (“MSCI”). The cash-and-stock transaction is valued at
approximately $1.55 billion.
Under the terms of the definitive merger agreement entered into
by the parties, MSCI will acquire RiskMetrics for $16.35 per share
in cash and 0.1802 shares of MSCI per share of RiskMetrics. Based
on MSCI’s closing price of $29.98 per share on February 26, 2010,
total consideration for the deal is approximately $21.75 per
RiskMetrics share. The chief executive officer of RiskMetrics and
certain other RiskMetrics shareholders have entered into a voting
agreement with MSCI pursuant to which they have agreed to vote, in
the aggregate, approximately 54% of the outstanding RiskMetrics
shares in favor of this transaction. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the transaction by the RiskMetrics board of
directors.
If you own shares of RiskMetrics, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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