Rigrodsky & Long, P.A. Announces Investigation Of Multiband Corporation Buyout


Rigrodsky & Long, P.A. Announces Investigation Of Multiband Corporation Buyout

Goodman Networks offers $3.25 per share to Multiband shareholders

WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:

  • Do you own shares of Multiband Corporation (NASDAQ CM:MBND)?

  • Did you purchase any of your shares prior to May 22, 2013?

  • Do you think the proposed buyout price is too low?

  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Multiband Corporation ("Multiband" or the "Company") (NASDAQ CM: MBND) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Goodman Networks Incorporated ("Goodman") in a transaction valued at approximately $116 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/multiband-corporation-mbnd.

Under the terms of the agreement, public shareholders of Multiband will receive $3.25 per share in cash for each share of Multiband they own.

The investigation concerns whether Multiband's board of directors failed to adequately shop the Company and obtain the best possible value for Multiband's shareholders before entering into an agreement with Goodman. According to Yahoo! Finance, at least one analyst has set a price target for Multiband stock at $4.00.

If you own the common stock of Multiband and purchased your shares before May 22, 2013, 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 Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/multiband-corporation-mbnd.

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.

Rigrodsky & Long, P.A.
Seth Rigrodsky
Peter Allocco
Fax: 302-654-7530

KEYWORDS: United States North America Delaware New York


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