ARDEN GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
December 24 2013 - 1:22PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Arden Group,
Inc. (NASDAQ GM: ARDNA)?
- Did you purchase any of your shares
prior to December 24, 2013?
- 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 Arden
Group, Inc. (“Arden” or the “Company”) (NASDAQ GM: ARDNA) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
global private investment firm TPG (“TPG”), in a transaction valued
at approximately $394 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/arden-group-inc-ardna.
Under the terms of the agreement, public shareholders of Arden
will receive $126.50 per share in cash for each share of Arden they
own.
The investigation concerns whether Arden’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Arden’s shareholders before entering into an agreement
with TPG.
If you own the common stock of Arden and purchased your shares
before December 24, 2013, 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.,
825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/arden-group-inc-ardna.
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.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra(888)
969-4242(516) 683-3516Fax: (302)
654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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