Rigrodsky & Long, P.A. Announces Investigation Of rue21, inc. Buyout
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
- Do you own shares of rue21, inc. (NASDAQ GS: RUE )?
- Did you purchase any of your shares prior to May 23, 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 rue21, inc. (“rue21” or the “Company”) (NASDAQ GS: RUE) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Apax Partners (“Apax”) in a transaction valued at approximately $1.1 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/rue21-inc-rue.
Under the terms of the agreement, public shareholders of rue21 will receive $42.00 per share in cash for each share of rue21 they own.
The investigation concerns whether rue21’s board of directors failed to adequately shop the Company and obtain the best possible value for rue21’s shareholders before entering into an agreement with Apax.
If you own the common stock of rue21 and purchased your shares before May 23, 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 Rigrodsky or Peter Allocco 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 firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/rue21-inc-rue.
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.
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