Law Firm of Wohl & Fruchter is Investigating the Proposed Acquisition of R.G. Barry Corporation by Mill Road Capital, L.P.
September 12 2013 - 10:10AM
Business Wire
The law firm of Wohl & Fruchter LLP is investigating the
proposed acquisition of R.G. Barry Corporation (RGB) (Nasdaq: DFZ)
by Mill Road Capital, L.P. (Mill Road), one of the Company’s
largest outside shareholders.
On September 11, 2013, Mill Road announced an offer to acquire
all of RGB’s outstanding shares for $20/share in cash. Mill Road is
presently one of RGB’s largest shareholders with a 8.57% stake.
The proposal comes less than a week after RGB announced positive
fourth quarter and full fiscal year 2013 results, reflecting what
the Company’s CFO, Jose G. Ibarra, indicated was ongoing success
transforming RGB from a “single-seasoned footwear company into a
multidimensional, branded accessory business.”
Wohl & Fruchter’s investigation concerns the fairness of
Mill Road’s proposal, and the adequacy of the procedures adopted by
RGB to respond to the proposal.
Additional information is available
at http://www.wohlfruchter.com/cases/dfz.
Persons with relevant information, and RGB shareholders with
questions about this investigation, are invited to contact our Firm
by calling 866.582.8140, or contacting the attorney below.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation
arising from fraud and other fiduciary breaches by corporate
managers, as well as other complex litigation matters. Please visit
our website, www.wohlfruchter.com, to learn more about our Firm, or
contact one of our partners.
This release may be deemed to constitute attorney
advertising.
Wohl & Fruchter LLPJ. Elazar Fruchter,
845-425-4658jfruchter@wohlfruchter.comwww.wohlfruchter.com
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