REACHLOCAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
July 07 2016 - 1:57PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of ReachLocal,
Inc. (NASDAQ GS: RLOC)?
- Did you purchase any of your shares
prior to June 27, 2016?
- 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
ReachLocal, Inc. (“ReachLocal” or the “Company”) (NASDAQ GS: RLOC)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Gannett Co., Inc. (“Gannett”) (NYSE: GCI), in a
transaction valued at approximately $156 million.
Click here to learn more:
http://rigrodskylong.com/investigations/reachlocal-inc-rloc.
Under the terms of the agreement, shareholders of ReachLocal
will receive $4.60 in cash for each share of ReachLocal common
stock.
The investigation concerns whether ReachLocal’s board of
directors failed to adequately shop the Company and obtain the best
possible value for ReachLocal shareholders before entering into an
agreement with Gannett.
If you own the common stock of ReachLocal and purchased your
shares before June 27, 2016, 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/reachlocal-inc-rloc.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160707006264/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
Reachlocal, Inc. (MM) (NASDAQ:RLOC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Reachlocal, Inc. (MM) (NASDAQ:RLOC)
Historical Stock Chart
From Oct 2023 to Oct 2024