FRISCH’S RESTAURANTS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
May 27 2015 - 11:01AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Frisch’s
Restaurants, Inc. (NYSE MKT: FRS)?
- Did you purchase any of your shares
prior to May 22, 2015?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Frisch’s
Restaurants, Inc. (“Frisch’s” or the “Company”) (NYSE MKT: FRS)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by an affiliate of NRD Partners I, L.P. (“NRD”), in
a transaction valued at approximately $175 million.
Click here to learn more:
http://rigrodskylong.com/investigations/frischs-restaurants-inc-frs.
Under the terms of the agreement, shareholders of Frisch’s will
receive $34.00 in cash for each share of Frisch’s they own.
The investigation concerns whether Frisch’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Frisch’s shareholders before entering into an agreement
with NRD.
If you own the common stock of Frisch’s and purchased your
shares before May 22, 2015, 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
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/frischs-restaurants-inc-frs.
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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version on businesswire.com: http://www.businesswire.com/news/home/20150527006105/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com