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If you are a current investor in Radiant Systems, Inc. (NASDAQ: RADS) and purchased your NASDAQ RADS shares prior to the announcement, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
The announcement Radiant Systems, Inc. that it agreed to be acquired by NCR Corp. prompted an investigation on behalf of investors of Radiant Systems, Inc. (NASDAQ: RADS) concerning whether the offer to take over Radiant Systems and the sale process are unfair to investors of Radiant Systems (RADS) and whether certain of its officers and directors or others breached their fiduciary duties owed investors in Radiant Systems (NASDAQ RADS) shares.
The investigation by a law firm concerns whether the Radiant Systems Inc, certain of its officers and directors, and/or others breached their fiduciary duties owed to Radiant Systems (NASDAQ:RADS) investors in connection with the proposed takeover.
On Monday, July 11, 2011, Radiant Systems, Inc. (NASDAQ: RADS) and NCR Corporation (NYSE: NCR) announced an agreement for NCR Corp. to acquire Radiant Systems through a cash tender offer of $28.00 per Radiant Systems share.
Following the takeover announcement shares of Radiant Systems, Inc. (NASDAQ: RADS) rose in after-hour trading by 30.30% to $27.95 per share.
However, Radiant Systems has performed well for its investors. Its annual Total Revenue rose from $253.20million in 2007 to $346.41million in 2010. Radiant Systems was able to pull out of a Net Loss of $9.40million in 2009 and reported for 2010 $21.82million Net Income. Its first quarter quarterly Revenue rose from $79.55million a year earlier to $87.14million and its first quarter quarterly Net Income rose from $2.60million for the first in 2010 to $6million for the first quarter in 2011.
The investigation concerns whether the Radiant SystemsBoard of Directors undertook an adequate and in particular breached their fiduciary duties to the Radiant Systems, Inc. (NASDAQ:RADS) shareholder by failing to adequately shop the Company before entering into the transaction.
The investigation concerns also whether NCR Corporation would underpay for NASDAQ: RADS shares, thus unlawfully harming Radiant Systems stockholders.
A potential securities class action lawsuit would seek to maximize the amount of money and information NASDAQ:RADS shareholders would receive in a buyout, so the law firm.
