The Briscoe Law Firm, PLLC, founded by a former enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Radiant Systems, Inc. (“Radiant Systems” or “RADS”) (NASDAQ: RADS) related to the acquisition of Radiant Systems by NCR Corporation.
The definitive acquisition agreement, which was announced on June 11, 2011, involves an all-cash transaction valued at approximately $1.2 billion. Under the proposed buyout, Radiant Systems’ shareholders will receive $28.00 in cash for each share of Radiant Systems/RADS common stock they hold through a tender offer commencing on July 25, 2011. The transaction is expected to close in Radiant Systems’ third quarter of fiscal year 2011.
The firms are investigating the fairness of the proposed transaction to Radiant Systems shareholders, whether the shareholders are being underpaid for their stock, and whether Radiant Systems’ Board of Directors acted in the shareholders’ best interests. In particular, in April 2011, Radiant Systems reported first quarter financial results that exceeded analysts’ expectations, including a 10% increase in revenue compared with the company’s prior fiscal year first quarter revenue. In addition, the firms are evaluating whether Radiant Systems’ Board of Directors considered all potential alternatives to the deal and obtained the best price for the shareholders.
If you currently own shares of Radiant Systems/RADS and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please 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 toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Patrick Powers, 877-728-9607
The Briscoe Law Firm, PLLC
Willie Briscoe, 877-397-5991
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