rue21 Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Apax Partners
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of rue21, Inc. ("rue21") (NAS: RUE) to Apax Partners, a global private equity firm, for shareholders. Under the terms of the proposed sale valued at approximately $1.1 billion, rue21 shareholders will receive $42 in cash for each share of rue21 stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
The rue21 sale investigation centers on whether rue21's shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues rue21's stock, and whether rue21's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Former SEC attorney Willie Briscoe noted that "due to the size of the deal, the lack of a significant premium and other factors, we believe this transaction may undervalue rue21's stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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The article rue21 Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Apax Partners originally appeared on Fool.com.
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