INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of ARDEN GROUP, INC. & Its Board of Directors In Relation to the...
25 December 2013 - 4:15AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Arden Group, Inc. (“Arden Group” or “the Company”) (NasdaqGM:ARDNA)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to the
investment firm TPG.
Click here to learn more about the action
http://zlk.9nl.com/arden-group-ardna/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, Arden Group shareholders will
receive $126.50 in cash for each share of Arden Group stock they
own. Stockholders representing approximately 56% of the outstanding
Arden Group Class A common stock are already expected to execute a
written consent approving the transaction. The investigation
concerns whether the Arden Group Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
TPG is underpaying for Arden Group shares. In particular, Arden
Group stock has closed as high as $130.50 as recently as November
8, 2013.
If you own Arden Group common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/arden-group-ardna/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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