Renaissance Investor Can't Halt $455M Sale: Judge

Law360, New York (October 14, 2011, 10:03 PM EDT) -- A Wisconsin federal judge on Friday denied a Renaissance Learning Inc. investor's request for a temporary injunction blocking European private equity giant Permira Funds' $455 million acquisition of the education technology company in a class action claiming investors were shortchanged in the deal.

In a short, one-page order, U.S. District Judge Barbara B. Crabb refused to grant New York-based Data Key Partners' bid to stop the Permira deal, which it claims wouldn't adequately reward investors that bought stock in the growing Wisconsin Rapids, Wis.-based company....
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