WAYNE, Pa., May 24, 2013 /PRNewswire/ -- Ryan &
Maniskas, LLP (www.rmclasslaw.com/cases/rue) is investigating
potential claims against the board of directors of rue21, Inc.
("rue21" or the "Company") (NASDAQ: RUE) concerning possible
breaches of fiduciary duty and other violations of law related to
the Company's efforts to sell the Company to Apax Partners in a
transaction valued at approximately $1.1
billion.
(Logo:
http://photos.prnewswire.com/prnh/20121112/MM11729LOGO )
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by the Company's board of directors; in particular,
whether the Company undertook a fair process to obtain fair
consideration for all shareholders of rue21. For more
information regarding our investigation, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas,
Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/rue.
Under the terms of the agreement, public shareholders of rue21
will receive $42.00 per share in cash
for each share of rue21 they own.
If you own shares of rue21 and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/rue. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
CONTACT:
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Ryan &
Maniskas, LLP
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Richard A.
Maniskas, Esquire
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995 Old Eagle
School Rd., Suite 311
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Wayne, PA
19087
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877-316-3218
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www.rmclasslaw.com/cases/rue
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rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP