ALOY Alloy (MM)

Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Alloy, Inc. (“Alloy” or the “Company”) (NASDAQ:ALOY) arising out of the proposed acquisition of Alloy by ZelnickMedia.

On Thursday, June 24, 2010, ZelnickMedia and Alloy announced that ZelnickMedia will acquire Alloy pursuant to an all cash tender offer. Under the terms of the agreement, Alloy stockholders will receive cash of $9.80 in exchange for each share of Alloy common stock. Additionally, members of Alloy’s senior management will invest in the transaction with ZelnickMedia. However, the Company may not have adequately shopped itself before entering into this transaction and, pursuant to this proposed transaction, ZelnickMedia may be underpaying for Alloy, thus unlawfully harming Alloy shareholders.

Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.

If you own Alloy common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

  Martin Restituyo or Derek Behnke Wolf Haldenstein Adler Freeman & Herz LLP 270 Madison Avenue New York, New York 10016 Phone Numbers: (800) 575-0735 (212) 545-4600  

Email: restituyo@whafh.com

Classmember@whafh.com

 

Website: http://www.whafh.com

 

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.