Finkelstein Thompson LLP Announces Investigation of SRA International, Inc.
April 01 2011 - 12:33PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of SRA International, Inc. (“SRA” or the
“Company”) (NYSE: SRX) concerning the proposed acquisition of the
Company by the private equity firm Providence Equity Partners.
Under the terms of the offer, SRA common shareholders will receive
$31.25 in cash for each share they own in a transaction valued at
approximately $1.88 billion.
The investigation is focused on the potential unfairness of the
consideration to SRA shareholders, the process by which the Board
of Directors considered the transaction, and potential conflicts of
interests among SRA Board members. The offer price is only a 10%
premium above the Company’s trading price the day before the
announcement. Moreover, SRA’s Chairman and founder, Ernest
Volgneau, who will continue as Chairman following the merger, has a
71% voting stake in the Company, and has already agreed to vote his
shares in favor of the merger.
If you are interested in discussing your rights as an SRA
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
Sra (NYSE:SRX)
Historical Stock Chart
From May 2024 to Jun 2024
Sra (NYSE:SRX)
Historical Stock Chart
From Jun 2023 to Jun 2024