Bull & Lifshitz, LLP Announces Investigation of Blackboard Inc.
15 Julio 2011 - 7:20AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Blackboard Inc. (NASDAQ: BBBB) (referred to as "Blackboard"
or the “Company”) to an investor group led by affiliates of
Providence Equity Partners ("Providence") in an all-cash
transaction valued at approximately $1.64 billion, plus the
assumption of approximately $130 million in net debt.
Under the terms of the agreement, Blackboard shareholders will
receive $45.00 per share in cash for each share of Blackboard
common stock.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Blackboard common stock and want to
discuss your legal rights, you may e-mail or call Bull &
Lifshitz, LLP who will, without obligation or cost to you, attempt
to answer your questions.
If you are a shareholder of Blackboard and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to Blackboard.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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