Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SRA International, Inc. (“SRA” or the “Company”) (NYSE: SRX) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to an affiliate of Providence Equity Partners for approximately $1.88 billion in cash. The proposed transaction offers SRA shareholders $31.25 per share in cash in exchange for each SRA share they hold. Request more information now by clicking here: www.faruqilaw.com/SRX. Whether the SRA’s Board of Directors breached their fiduciary duties to SRA’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues SRA’s shares and by how much this proposed transaction undervalues the Company to the detriment of SRA shareholders are the key focus of this investigation. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. If you own common stock in SRA and wish to obtain additional information, please visit us at www.faruqilaw.com/SRX or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
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..