ARDEN GROUP INVESTOR ALERT: Faruqi & Faruqi, LLP Announces Acquisition of Arden Group Inc. (ARDNA) by TPG Capital May Be Detr...
09 January 2014 - 3:23AM
Business Wire
Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating
the Board of Directors of Arden Group, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Arden Group, Inc. (“Arden
Group” or the “Company”) (NASDAQ: ARDNA) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to TPG in a cash deal valued at approximately
$394 million. Under the terms of the proposed transaction, Arden
Group’s stockholders will receive $126.50 for each share of Arden
Group common stock they own.
Request more information now by clicking here:
www.faruqilaw.com/ARDNA. There is no cost or
obligation to you.
The investigation focuses on whether the Company’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Arden Group’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Arden Group, Inc. and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/ARDNA or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLPwww.faruqilaw.com/ARDNAJuan E.
Monteverde, Esq.jmonteverde@faruqilaw.com(877) 247-4292 or (212)
983-9330
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