Robbins Umeda LLP Is Investigating Rural/Metro Corporation Acquisition for Shareholders
29 Marzo 2011 - 12:37AM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm, is
interested in helping shareholders of Rural/Metro Corporation. The
firm has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by members of the
board of directors of Rural/Metro (NASDAQ: RURL) in connection with
their efforts to sell the company to Warburg Pincus.
If you own stock in Rural/Metro and would like more information
about your rights as a shareholder, please contact Gregory E. Del
Gaizo at 800-350-6003 or via the shareholder information form on
our website.
On March 28, 2011, Rural/Metro announced it has entered into a
definitive merger agreement under which Warburg Pincus will acquire
all of the outstanding common shares of Rural/Metro. Under the
current agreement, Rural/Metro shareholders will receive $17.25 in
cash for each share of Rural/Metro common stock they hold. The
transaction is expected to close by the end of June 2011.
The investigation is focused on whether Rural/Metro's board is
undertaking a fair process to obtain maximum value for its
shareholders. Notably, on February 9, 2011, Rural/Metro reported
revenues for the second quarter of fiscal year 2011 that beat
analysts' expectations. Additionally, three analysts that cover
Rural/Metro have set target prices for Rural/Metro above the
proposed consideration being offered for the company.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
law firm's skilled litigation teams include former federal
prosecutors, former defense counsel from top multinational
corporate law firms, and career shareholder rights attorneys.
Robbins Umeda LLP has helped its clients realize more than $1
billion of value for themselves and the companies in which they
have invested. For more information, please go to
http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/rural-metro-corporation/
Attorney Advertising. Past results do not guarantee a similar
outcome.
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