The Law Firm of Wohl & Fruchter is Investigating the Acquisition of rue21, Inc. by Apax Partners
2013年5月24日 - 12:49AM
ビジネスワイヤ(英語)
The law firm of Wohl & Fruchter LLP is investigating the
proposed acquisition of rue21, Inc. (Rue) (Nasdaq: RUE) by Apax
Partners (Apax).
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.
This release may be deemed to constitute attorney
advertising.
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