The Law Firm Of Levi & Korsinsky, LLP Launches An Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of SRA International, Inc. In Connection With The Sale Of The Company To Providence Equity Partners – SRX
Levi & Korsinsky is investigating the Board of Directors of SRA
Levi & Korsinsky is investigating the Board of Directors of SRA International, Inc. (“SRA” or the “Company”) (NYSE: SRX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of Providence Equity Partners (“Providence”). Under the terms of the transaction, SRA shareholders will receive $31.25 in cash for each share of SRA common stock they own. The transaction has a total approximate value of $1.88 billion. Click here to learn how to join the action: http://www.zlk.com/sra-international-srx.html, or call: 877-363-5972. The investigation concerns whether the SRA Board of Directors breached their fiduciary duties to SRA stockholders by failing to adequately shop the Company before entering into this transaction and whether Providence is underpaying for SRA shares, thus unlawfully harming SRA stockholders. If you own common stock in SRA and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/sra-international-srx.html. Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
SRA International (NYSE:SRX) hit a new 52-week high Wednesday as it changed hands at $29.89 compared with its previous 52-week high of $27.70. SRA International is currently trading at $28.48 with 990,877 shares changing hands as of 3:01 p.m..