Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Rural/Metro Corporation, in Connection wi...
29 Marzo 2011 - 1:40AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Rural/Metro Corporation (the “Company”) (NASDAQ:RURL) related to
the Company’s agreement to be acquired by private equity firm
Warburg Pincus. The proposed all-cash transaction is valued at
approximately $438 million.
Under the terms of the definitive agreement entered into by the
parties, Rural/Metro Corporation stockholders will receive $17.25
in cash for each share they own of the Company’s common stock. The
proposed transaction was unanimously approved by the Company’s
board of directors. The transaction is expected to be completed by
the end of June 2011. The investigation concerns possible breaches
of fiduciary duty and other violations of law related to approval
of the proposed transaction by Rural/Metro Corporation’s board of
directors.
If you are a shareholder of Rural/Metro Corporation, 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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