DIAMOND RESORTS INTERNATIONAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
June 29 2016 - 11:04AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Diamond Resorts
International, Inc. (NYSE: DRII)?
- Did you purchase any of your shares
prior to June 29, 2016?
- 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 Diamond
Resorts International, Inc. (“Diamond Resorts” or the “Company”)
(NYSE: DRII) 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 certain funds (the
“Apollo Funds”) managed by affiliates of Apollo Global Management,
LLC (together with its consolidated subsidiaries,
“Apollo”) (NYSE: APO), in a transaction valued at
approximately $2.2 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/diamond-resorts-international-inc-drii.
Under the terms of the agreement, shareholders of Diamond
Resorts will receive $30.25 in cash for each share of Diamond
Resorts common stock.
The investigation concerns whether Diamond Resorts’ board of
directors failed to adequately shop the Company and obtain the best
possible value for Diamond Resorts shareholders before entering
into an agreement with Apollo. According to Yahoo! Finance, at
least one analyst has issued a price target for Diamond Resorts
stock at $35.00 per share.
If you own the common stock of Diamond Resorts and purchased
your shares before June 29, 2016, 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, DE 19803, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/diamond-resorts-international-inc-drii.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160629005934/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
DIAMOND RESORTS INTERNATIONAL, I (NYSE:DRII)
Historical Stock Chart
From Jun 2024 to Jul 2024
DIAMOND RESORTS INTERNATIONAL, I (NYSE:DRII)
Historical Stock Chart
From Jul 2023 to Jul 2024