Bernstein Liebhard LLP Announces Investigation of Acquisition of Alloy, Inc. by ZelnickMedia
24 Giugno 2010 - 4:48PM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of Alloy, Inc. (“Alloy” or the “Company”) (Nasdaq: ALOY)
breached its fiduciary duty to its shareholders in agreeing to sell
Alloy to an investor group led by ZelnickMedia.
Under the terms of the agreement, Alloy shareholders will
receive $9.80 in cash for each share they own, placing the total
value of the transaction at approximately $126.5 million. The
companies expect to close the deal in the fourth quarter of 2010.
The investigation is focused on the potential unfairness of the
price to Alloy shareholders and the process by which the Alloy
Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as an Alloy
shareholder and/or have information relating to the matter, please
contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities and
consumer shareholder rights cases and recovered almost $3 billion
for its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last seven years.
ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
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