Renaissance Learning Inc (RLRN) Shareholder Lawsuit

Renaissance Learning Inc (RLRN) announced it is being bought by Permira Funds for $440 million and being taken private. Renaissance provides technology for school improvement and student assessment programs for K-12 schools.

Under the terms of the deal, Renaissance Learning stockholders will receive $14.85 in cash for each share of Renaissance Learning/RLRN common stock they hold. Some analysts have set a price target as high as $16.00 per share for Renaissance Learning’s stock. Our law firm is investigating whether Renaissance Learning and its Board breached their fiduciary duties by entering into an merger agreement without properly seeking other bidders that would provide better value for shareholders. The transaction is subject to approval by Renaissance Learning's shareholders and is expected to close in the fourth quarter of 2011.  Following completion of the deal, Renaissance Learning will be privately held company and its common stock will no longer be traded. Are you happy with this outcome?

Is the RLRN Proxy fully and fairly disclosing the deal terms and all material facts?
If you own any shares of RLRN call us now.

Kyros Law is investigating the fairness of the proposed transaction to RLRN shareholders, and whether the shareholders are being underpaid for their stock.

If you are a shareholder of any amount of RLRN please call Attorney Bill Kyros at 1-800-934-2921 to discuss your rights.

Kyros Law is a Boston-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For info about our law firm please our Kyros Law web site, see also our Merger Lawsuit Page.