Investor Sounds Siren On $438M Offer For Rural/Metro

Law360, New York (April 8, 2011, 1:52 PM EDT) -- An investor filed a class action against Rural/Metro Corp., its board and Warburg Pincus LLC on Delaware on Wednesday, claiming the private equity firm's announced $438 million purchase price for the medical transport provider is too low.

Beatriz Llorens' complaint in the Court of Chancery of the State of Delaware, which names Rural/Metro director and CEO Michael P. DiMino, board chairman Christopher S. Shackelton and the rest of the company's seven-member board as individual defendants, also claims shareholders have been injured by "grossly inadequate disclosures" about...
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