The Law Office Of Abe Shainberg 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
The Law Office of Abe Shainberg is investigating the Board of Directors
of SRA International, Inc.
The Law Office of Abe Shainberg is investigating the Board of Directors of SRA International, Inc. (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 proposed transaction, SRA shareholders will receive $31.25 in cash per share for a total transaction value of approximately $1.88 billion. 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. In particular, Dr. Volgenau, the Company’s founder and chairman, who currently owns 21% of the total outstanding shares and 71% of voting rights of the company, has agreed to vote in favor of the merger. If you own common stock in SRA and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at email@example.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/sra-international-inc.html. Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Abe Shainberg, Esq.132 East 43rd Street, Suite 512New York, NY 10017Tel: (212) 425-7286Fax: (866) 699.3880Email: firstname.lastname@example.org
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..