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Rigrodsky & Long, P.A. Announces Investigation Of Deltek, Inc. Buyout
[September 06, 2012]

Rigrodsky & Long, P.A. Announces Investigation Of Deltek, Inc. Buyout

WILMINGTON, Del. --(Business Wire)--

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Deltek, Inc. ("Deltek" or the "Company") (NASDAQ GS: PROJ) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Thoma Bravo, LLC ("Thoma Bravo") in a transaction valued at approximately $1.1 billion, including debt.

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Under the terms of the proposal, public shareholders of Deltek will receive $13.00 per share in cash for each share of Deltek they own.

The investigation concerns whether Deltek's board of directors failed to adequately shop the Company and obtain the best possible value for the Company's shareholders before entering into an agreement with Thoma Bravo. According to Yahoo! Finance, at least one analyst has set a price target for Deltek stock at $16.00 per share.

If you own the common stock of Deltek and purchased your shares before August 26, 2012, 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 Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to, or at:

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

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