Rosen Law Firm Announces Investigation of rue21, Inc. in Connection with its Sale to Apax Partners - RUE
NEW YORK--(BUSINESS WIRE)-- The Rosen Law Firm is investigating the Board of Directors of rue21, Inc. (NAS: RUE) for possible breaches of fiduciary duty and other violations of state law in connection with its sale of the Company to Apax Partners, a private equity firm.
If you would like to join the action please email or call Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at firstname.lastname@example.org or email@example.com. There is no cost or obligation to you.
Under the terms of the transaction, shareholders will receive $42.00 for each share of rue21 stock they own. The SKM II funds, which own approximately 30% of rue21's outstanding shares and are associated with Apax Partners, have agreed to vote in favor of the transaction. The investigation relates to whether the price of $42.00 per share is fair to public shareholders and whether rue21's Board breached its fiduciary duties in connection with the transaction.
If you own rue21 common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Phillip Kim, Esq.
Laurence Rosen, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 562-8616
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
KEYWORDS: United States North America New York
The article Rosen Law Firm Announces Investigation of rue21, Inc. in Connection with its Sale to Apax Partners - RUE originally appeared on Fool.com.
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