HASTINGS ENTERTAINMENT, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
March 17 2014 - 5:49PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Hastings
Entertainment, Inc. (NASDAQ CM: HAST)?
- Did you purchase any of your shares
prior to March 17, 2014?
- 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 Hastings
Entertainment, Inc. (“Hastings” or the “Company”) (NASDAQ CM: HAST)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by affiliates of Joel Weinshanker (“Weinshanker”) in
a transaction valued at approximately $21.4 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/hastings-entertainment-inc-hast.
Under the terms of the agreement, public shareholders of
Hastings will receive $3.00 per share in cash for each share of
Hastings they own.
The investigation concerns whether Hastings’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Hastings’s shareholders before entering into an agreement
with Weinshanker. According to Yahoo! Finance, at least one analyst
has issued a price target for Hastings stock at $5.00 per
share.
If you own the common stock of Hastings and purchased your
shares before March 17, 2014, 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 D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, Delaware 19803; by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/hastings-entertainment-inc-hast.
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 D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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