SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Arden Group, Inc.
December 24 2013 - 12:49PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Arden Group, Inc. (“Arden” or the “Company”) (Nasdaq: ARDNA)
relating to the proposed acquisition by the investment firm
TPG.
Click here to learn more about the investigation
http://brodsky-smith.com/697-ardna-arden-group-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Arden shareholders will
receive only $126.50 in cash for each share of Arden stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Arden for not acting in the Company’s shareholders' best interests
in connection with the sale process. The transaction may undervalue
the Company and will result in a loss or no gain for many Arden
shareholders. Arden stock traded above the sale price at $131.90
per share as recently as October 21, 2013 and traded at $135.82 per
share on September 10, 2013.
If you own shares of Arden common stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/697-ardna-arden-group-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/697-ardna-arden-group-inc.html
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