|By PR Newswire||
|January 7, 2014 06:35 PM EST||
BALA CYNWYD, Pa., Jan. 7, 2014 /PRNewswire/ -- 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-News) 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 [email protected], 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.
SOURCE Brodsky & Smith, LLC