Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of SRA International, Inc., in Connection wi...
April 01 2011 - 7:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
SRA International, Inc. (“SRA” or the “Company”) (NYSE:SRX) related
to the Company’s agreement to be acquired by an affiliate of
Providence Equity Partners in a proposed going-private transaction.
The transaction is valued at approximately $1.88 billion.
Under the terms of the definitive merger agreement entered into
by the parties, SRA shareholders will receive $31.25 in cash for
each share they own of the Company’s common stock. SRA’s Board of
Directors unanimously approved the proposed all-cash transaction.
The transaction is anticipated to close during the first quarter of
SRA’s 2012 fiscal year, which begins July 1, 2011. If the
transaction is completed, SRA will become a privately held company.
The investigation concerns possible breaches of fiduciary duty and
other violations of law related to approval of the proposed
transaction by SRA’s board of directors.
If you are a shareholder of SRA, 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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