Rosen Law Firm Announces Investigation of rue21, Inc. in Connection with its Sale to Apax Partners – RUE
2013年5月24日 - 12:33AM
ビジネスワイヤ(英語)
The Rosen Law Firm is investigating the Board of Directors of
rue21, Inc. (NASDAQ: RUE) for possible breaches of fiduciary duty
and other violations of state law in connection with its sale of
the Company to Apax Partners, a private equity firm.
If you would like to join the action please email or call
Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the transaction, shareholders will receive
$42.00 for each share of rue21 stock they own. The SKM II funds,
which own approximately 30% of rue21’s outstanding shares and are
associated with Apax Partners, have agreed to vote in favor of the
transaction. The investigation relates to whether the price of
$42.00 per share is fair to public shareholders and whether rue21’s
Board breached its fiduciary duties in connection with the
transaction.
If you own rue21 common stock and wish to obtain additional
information, you may contact Phillip Kim or Kevin Chan of The Rosen
Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Rue21, Inc. (MM) (NASDAQ:RUE)
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