RADVISION Ltd. Buyout Investigated By The Securities Attorneys At The Briscoe Law Firm And Powers Taylor, LLP
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of RADVISION Ltd. (“RADVISION” or “RVSN”) (NASDAQ: RVSN) to Avaya Inc. for shareholders. Under the proposed buyout, RADVISION shareholders will receive $11.85 in cash for each share of RADVISION/RVSN stock owned, which is less than RADVISION’s 52-week trading high of $12.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive merger agreement involves an all cash transaction with a total equity value of approximately $230 million. The transaction is expected to close in approximately mid-June 2012.
The investigation centers on whether RADVISION shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues RADVISION stock, and whether RADVISION’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. The acquisition price only represents an approximate 6% premium over the closing price of RADVISION shares the day before the merger announcement, and the acquisition price is below the 52-week trading high of $12.00 per share on April 1, 2011. According to shareholder rights attorney Willie Briscoe, "Based on the lack of a significant premium to RADVISION shareholders, and other factors, the firms are investigating whether the buyout price is fair to RADVISION shareholders. Our proposed shareholder lawsuit seeks to obtain additional value for shareholders than what is proposed in the current buyout offer."The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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