The Law Firm of Wohl & Fruchter is Investigating the Acquisition of rue21, Inc. by Apax Partners
On May 23, 2013, Rue announced it had entered into an agreement to be acquired by private-equity firm Apax Partners for $42/share in cash.
Through affiliates, Apax is already Rue’s largest shareholder, owning 29.9% of Rue’s shares. Two principals of Apax sit on Rue’s board of directors, including John F. Megrue, Jr., chief executive officer of Apax Partners in the United States. Rue’s senior management will continue to lead the company post-acquisition.
Wohl & Fruchter’s investigation concerns, among other things, the fairness of the process used to approve the acquisition and whether approval of the acquisition was improperly motivated by any conflicts of interest.
Persons with relevant information, and RUE shareholders with questions about this investigation, are invited to contact our Firm by calling 866.582.8140, or contacting the attorney below.
Additional information is available at http://www.wohlfruchter.com/cases/rue.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
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KEYWORDS: United States North America New York