Law Office of Brodsky & Smith, LLC Announces Investigation of Radiant Systems, Inc.
July 13 2011 - 12:58PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Radiant Systems, Inc. (“Radiant” or the “Company”) (Nasdaq - RADS -
News) relating to the proposed acquisition by NCR Corporation
(“NCR”).
Under the terms of the transaction Radiant shareholders would
receive $28.00 in cash for each share of Radiant stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Radiant
by not acting in the Radiant shareholders' best interests in
connection with the sale process to NCR. Several current officers
of Radiant are expected to receive offer retention and employment
agreements. Radiant’s current Chief Operating Officer is expected
to lead the Radiant division of NCR.
If you own shares of Radiant stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/312-rads-radiant-systems-inc.html, or by
calling toll free 877-LEGAL-90.
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