According to press reports, a class action complaint has been filed in Montgomery County (Ohio) Common Pleas Court against The Reynolds and Reynolds Company (NYSE: REY), its nine directors and Universal Computer Systems Holding, Inc. over the proposed merger between Reynolds and UCS.
In the proposed merger, which is valued at $2.8 billion, UCS, a privately held auto dealership technology company, is paying $40 cash per share for Reynolds shares. The resulting subsidiary will retain the Reynolds and Reynolds name, but will be a private company and its shares no longer will be listed on the New York Stock Exchange.
A copy of the complaint is available here.
Counsel for the plaintiff is The Brualdi Law Firm.
Daily Trivia: The answer to the title question - 18 American counties share the name Montgomery County. Most were named in honor of General Richard Montgomery, a Revolutionary War general who died in 1775 attempting to capture Quebec, after successfully capturing Montreal.
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