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RADS Radiant Systems, Inc. (MM)

27.98
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Radiant Systems, Inc. (MM) NASDAQ:RADS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 27.98 0 00:00:00

Glancy Binkow & Goldberg LLP Announces Investigation of Radiant Systems, Inc.

16/07/2011 12:30am

Business Wire


Radiant Systems, Inc. (MM) (NASDAQ:RADS)
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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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