Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of eCollege.com. - ECLG
21 Mai 2007 - 7:57PM
PR Newswire (US)
LITTLE ROCK, Ark., May 21 /PRNewswire/ -- Cauley Bowman Carney
& Williams, PLLC announces an investigation into the proposed
acquisition of eCollege.com. On May 14, 2007, eCollege.com
announced that it had entered into a definitive merger agreement
with Pearson PLC. Under the terms of the agreement, eCollege.com
shareholders will receive $22.45 per share in cash from Pearson PLC
for each share owned. This price per share represents a 7% premium
over the stock's closing price prior to announcement of the merger.
If the proposed merger is completed, eCollege.com will no longer be
a publicly traded company. While eCollege.com shareholders must
approve this merger, the companies expect to complete this merger
in the third quarter of 2007. Cauley Bowman Carney & Williams,
PLLC Cauley Bowman is a national law firm that represents investors
in securities fraud and corporate governance class actions. It is
one of the country's premier firms in the area of securities fraud
having recovered billions of dollars for defrauded investors and
secured significant corporate governance reforms. Cauley Bowman
maintains in-house finance, forensic accounting specialists and
extensive trial experience. If you are a current shareholder of
eCollege.com and would like to be advised of your rights in this
matter, you may contact Cauley Bowman Carney & Williams, PLLC
at the phone number below. CONTACT Darrin L. Williams, Esq. Randall
K. Pulliam, Esq. Kristi Gray 501-312-8500 1-888-551-9944
DATASOURCE: Cauley Bowman Carney & Williams, PLLC CONTACT:
Darrin L. Williams, Esq., or Randall K. Pulliam, Esq., or Kristi
Gray, +1-501-312-8500, or 1-888-551-9944, , all of Cauley Bowman
Carney & Williams, PLLC Web site: http://www.cauleybowman.com/
http://www.ecollege.com/
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