NEW ORLEANS, May 31, 2016 /PRNewswire/ -- Former Attorney
General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of
Kahn Swick & Foti, LLC ("KSF") are investigating the proposed
sale of Electro Rent Corporation ("Electro Rent" or the "Company")
(NASDAQ: ELRC) to Platinum Equity. Under the terms of the proposed
transaction, shareholders of Electro Rent will receive only
$13.12 in cash for each share of
Electro Rent that they own. KSF is seeking to determine whether
this consideration and the process that led to it are adequate, or
whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/electro-rent-investor-alert-by-the-former-attorney-general-of-louisiana-kahn-swick--foti-llc-investigates-adequacy-of-price-and-process-in-proposed-sale-of-electro-rent-corporation-300277509.html
SOURCE Kahn Swick & Foti, LLC