Rigrodsky & Long, P.A. Investigates RAE Systems
September 20, 2010 01:25 PM Eastern Daylight Time
WILMINGTON, Del.--(EON: Enhanced Online News)--Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of RAE Systems Inc. (“RAE Systems” or the “Company”) (NYSE
AMEX: RAE) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s
entry into an agreement to be acquired and taken private by Battery Ventures in a cash transaction valued at
approximately $95 million. Click here to learn how to join the action:
Under the proposed agreement, RAE Systems shareholders will receive $1.60 per share in cash for each
outstanding share of RAE Systems common stock they own. The investigation concerns whether RAE Systems’
board of directors failed to adequately shop the Company and obtain the best price possible for RAE Systems’
shareholders before entering into the agreement with Battery Ventures.
If you own the common stock of RAE Systems and purchased your shares before September 20, 2010, 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 Seth
D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N.
Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation,
including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and
federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R. Wortman, Case Development Director
888-969-4242 or 302-295-5310