THE JONES GROUP INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
December 20 2013 - 11:03AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of The Jones Group
Inc. (NYSE: JNY)?
- Did you purchase any of your shares
prior to December 19, 2013?
- 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 The Jones
Group Inc. (“The Jones Group” or the “Company”) (NYSE: JNY)
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 Sycamore Partners (“Sycamore”), in
a transaction valued at approximately $2.2 billion, including net
debt.
Click here to learn more:
http://www.rigrodskylong.com/investigations/the-jones-group-inc-jny.
Under the terms of the agreement, public shareholders of The
Jones Group will receive $15.00 per share in cash for each share of
The Jones Group they own.
The investigation concerns whether The Jones Group’s board of
directors failed to adequately shop the Company and obtain the best
possible value for The Jones Group’s shareholders before entering
into an agreement with Sycamore. According to Yahoo! Finance, at
least one analyst has issued a price target for The Jones Group
stock at $18.00 per share.
If you own the common stock of The Jones Group and purchased
your shares before December 19, 2013, 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., 825 East Gate Boulevard, Suite 300,
Garden City, New York 11530, by telephone at (888) 969-4242; by
e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/the-jones-group-inc-jny.
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.
Serra888-969-4242516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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