Kendall Law Group Investigates Blackboard Inc.
July 01, 2011 09:46 AM Eastern Daylight Time
DALLAS--(EON: Enhanced Online News)--Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Blackboard Inc. (NASDAQ:BBBB) for shareholders in connection with the proposed acquisition by an
investor group led by affiliates of Providence Equity Partners. The national securities firm’s investigation seeks to
determine whether Blackboard and its Board breached their fiduciary duties by entering into the agreement without
properly shopping for a deal that would provide better value for shareholders. If you are a Blackboard shareholder
and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by
email at email@example.com.
On July 1, 2011, Blackboard announced the definitive merger agreement under which the company would be
acquired by an investor group led by affiliates of Providence Equity Partners, in a transaction valued at
approximately $1.64 billion. Under the terms of the agreement, Blackboard stockholders will receive $45.00 in cash
for each share of Blackboard/BBBB common stock held. The offer price represents a 3.7 percent premium to
Blackboard’s closing price on Thursday. According to Thompson/First Call, analysts have set a price target as high
as $55.00 per share for Blackboard’s stock. The firm’s investigation seeks to determine whether Blackboard and its
Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors
and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous
merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Kendall Law Group LLP
Scott Kendall, 214-744-3000
877-744-3728 Toll Free