The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Rural/Metro Corp. in Conn...
April 07 2011 - 1:38PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Rural/Metro Corporation (Nasdaq: RURL) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to private equity firm
Warburg Pincus. Under the terms of the proposed transaction,
Rural/Metro shareholders will receive $17.25 per share in cash for
a total transaction value of $438.2 million.
The investigation concerns whether the Rural/Metro Board of
Directors breached their fiduciary duties to Rural/Metro
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Warburg Pincus is
underpaying for Rural/Metro shares. At least one analyst set a
price target for Rural/Metro stock at $18.00 per share.
If you own common stock in Rural/Metro and wish to obtain
additional information, please contact Joseph Klein, Esq. directly,
via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005,
Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/rural-metro-rurl.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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