Deals
Blackboard Inc. Sued by Investor Over Providence Buyout Bid
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Blackboard Inc., an educational-software maker, was sued in Delaware Chancery Court by an investor contending the company’s stock is undervalued in a proposed $1.64 billion buyout by Providence Equity Partners Inc.
The company is being sold through “an unfair process and for an unfair price,” shareholder Astor BK Realty Trust contends in a complaint filed today in Wilmington, Delaware.