NEW YORK, Dec. 23, 2013 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Arden Group,
Inc. ("Arden Group" or "the Company") (NasdaqGM: ARDNA) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to the investment
firm TPG.
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Click here to learn more about the action
http://zlk.9nl.com/arden-group-ardna/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, Arden Group shareholders will
receive $126.50 in cash for each
share of Arden Group stock they own. Stockholders representing
approximately 56% of the outstanding Arden Group Class A common
stock are already expected to execute a written consent approving
the transaction. The investigation concerns whether the Arden Group
Board of Directors breached their fiduciary duties to stockholders
by failing to adequately shop the Company before agreeing to enter
into this transaction, and whether TPG is underpaying for Arden
Group shares. In particular, Arden Group stock has closed as high
as $130.50 as recently as
November 8, 2013.
If you own Arden Group common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/arden-group-ardna/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP