Kendall Law Group Investigates Radiant Systems, Inc.
July 12 2011 - 11:20AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Radiant Systems, Inc. (NASDAQ: RADS) for shareholders
in connection with the proposed acquisition by NCR Corporation. The
national securities firm’s investigation seeks to determine whether
Radiant Systems and its Board breached their fiduciary duties by
entering into the agreement without properly shopping for a deal
that would provide better value for shareholders. If you are a
Radiant Systems shareholder and would like additional information
about your rights, contact the Kendall Law Group at 877-744-3728 or
by email at investor@kendalllawgroup.com.
On July 11, 2011, the companies announced the definitive merger
agreement under which Radiant Systems would be acquired by NCR
Corporation, in a transaction valued at approximately $1.2 billion.
Under the terms of the agreement, Radiant Systems stockholders will
receive $28.00 in cash for each share of Radiant Systems/RADS
common stock held. The offer price represents a 28 percent premium
over Radiant System's Friday closing price of $21.95. The firm’s
investigation seeks to determine whether Radiant Systems and its
Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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