Glancy Binkow & Goldberg LLP Announces Investigation of Radiant Systems, Inc.
16 July 2011 - 9:30AM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the board of directors of
Radiant Systems, Inc. (“Radiant Systems” or the “Company”)
(NASDAQ:RADS) related to the Company’s agreement to be acquired by
NCR Corp. in a proposed transaction where Radiant Systems
shareholders will receive $28.00 per share through a cash tender
offer. The proposed transaction is valued at approximately $1.2
billion.
The investigation concerns whether the board of directors of
Radiant Systems breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The tender offer is expected to commence on or before
July 25, 2011, and the transaction is expected to close during the
third quarter of 2011.
If you are a shareholder of Radiant Systems, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
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