WILMINGTON, Del., Jan. 21, 2014 /PRNewswire/ -- 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 20, 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 20, 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.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.