Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of eCollege.com. - ECLG

LITTLE ROCK, Ark., May 21  /PRNewswire/ -- Cauley Bowman Carney & Williams, PLLC announces an investigation into the proposed acquisition of eCollege.com. On May 14, 2007, eCollege.com announced that it had entered into a definitive merger agreement with Pearson PLC.  Under the terms of the agreement, eCollege.com shareholders will receive $22.45 per share in cash from Pearson PLC for each share owned.  This price per share represents a 7% premium over the stock's closing price prior to announcement of the merger.

If the proposed merger is completed, eCollege.com will no longer be a publicly traded company.  While eCollege.com shareholders must approve this merger, the companies expect to complete this merger in the third quarter of 2007.

Cauley Bowman Carney & Williams, PLLC

Cauley Bowman is a national law firm that represents investors in securities fraud and corporate governance class actions.  It is one of the country's premier firms in the area of securities fraud having recovered billions of dollars for defrauded investors and secured significant corporate governance reforms.  Cauley Bowman maintains in-house finance, forensic accounting specialists and extensive trial experience.

If you are a current shareholder of eCollege.com and would like to be advised of your rights in this matter, you may contact Cauley Bowman Carney & Williams, PLLC at the phone number below.

  CONTACT
  Darrin L. Williams, Esq.
  Randall K. Pulliam, Esq.
  Kristi Gray
  501-312-8500
  1-888-551-9944
  

DATASOURCE: Cauley Bowman Carney & Williams, PLLC



CONTACT:  Darrin L. Williams, Esq., or Randall K. Pulliam, Esq., or

Kristi Gray, [phone], or 1-888-551-9944, , all of

Cauley Bowman Carney & Williams, PLLC



Web site:  http://www.cauleybowman.com/

http://www.ecollege.com/ 

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