BALA CYNWYD, Pa., Nov. 17, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Blue Nile, Inc.
("Blue Nile" or "the Company") (Nasdaq- NILE-News) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to a group of investors
including Bain Capital Private Equity and Bow Street LLC. ("Bain
Capital").
Click here to learn more
http://www.brodskysmith.com/cases/blue-nile-nasdaq-nile/, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Blue Nile shareholders will
receive only $40.75 in cash for each
share of Blue Nile stock they own. The investigation concerns
whether the Board of Blue Nile breached their fiduciary duties to
shareholders and whether Bain Capital is underpaying for the
Company. The transaction may undervalue the Company and is a going
private transaction which will prevent Blue Nile shareholders from
taking part in the Company's continuing growth.
If you own shares of Blue Nile stock and wish to discuss the
legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://www.brodskysmith.com/cases/blue-nile-nasdaq-nile/, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC
