Rigrodsky & Long, P.A. Investigates RAE Systems Inc. Buyout
- Do you own RAE Systems Inc. common stock?
- Did you purchase your shares before September 20, 2010?
- Do you feel RAE Systems' offer to be taken private is unfair?
- Do you want to discuss your rights?
If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.
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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of RAE Systems Inc. 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 Battery Ventures in a cash transaction valued at approximately $95 million.
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Rigrodsky & Long, P.A. Investigates RAE Systems Inc. Buyout
Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of RAE Systems Inc. (“RAE Systems” or the “Company”) (NYSE AMEX: RAE) 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 Battery Ventures in a cash transaction valued at approximately $95 million.
Under the proposed agreement, RAE Systems shareholders will receive $1.60 per share in cash for each outstanding share of RAE Systems common stock they own. The investigation concerns whether RAE Systems’ board of directors failed to adequately shop the Company and obtain the best price possible for RAE Systems’ shareholders before entering into the agreement with Battery Ventures.
If you own the common stock of RAE Systems and purchased your shares before September 20, 2010, 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.
R & L, with offices in Delaware and New York, 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.
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