Rigrodsky & Long, P.A. Announces Investigation Of Sealy Corporation Buyout
September 27 2012 - 9:30AM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Sealy
Corporation (“Sealy” or the “Company”) (NYSE: ZZ) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
Tempur-Pedic International Inc. (“Tempur-Pedic”) (NYSE: TPX) in a
transaction valued at approximately $1.3 billion, including the
assumption or repayment of Sealy’s convertible and non-convertible
debt.
Click here to learn more:
http://www.rigrodskylong.com/investigations/sealy-corporation-zz.
Under the terms of the proposal, public shareholders of Sealy
will receive $2.20 per share in cash for each share of Sealy they
own.
The investigation concerns whether Sealy’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Sealy’s shareholders before entering into an agreement
with Tempur-Pedic.
If you own the common stock of Sealy and purchased your shares
before September 27, 2012, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/sealy-corporation-zz.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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