NEW YORK, April 1, 2011 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors of SRA International, Inc. ("SRX" or the "Company") (NYSE:SRX) concerning the proposed acquisition to take the Company private by an affiliate of Providence Equity Partners. The transaction is valued at $1.88 billion.
The investigation concerns, among other things, possible breaches of fiduciary duty by the Company's officers and directors. Indeed, SRA Founder and Chairman, Ernst Volgenau, who owns a total of approximately 11.8 million shares of SRA Class A and Class B common stock, representing 21% of total shares outstanding and 71% of voting rights, has already agreed to vote his shares for approval of the merger. If the deal closes, SRA shareholders will receive $31.25 per share of common stock.
SRA shareholders seeking more information about this acquisition are advised to contact Fei-Lu Qian at email@example.com or 212-661-1100 (ext. 241) or toll free at 888-476-6529, (ext. 241). Shareholders may also contact Rachelle R. Boyle at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Rachelle R. Boyle Pomerantz Haudek Grossman & Gross LLP 888-476-6529 (ext. 237) 212-661-1100 (ext. 237) email@example.com