Press release from Business Wire
Ryan & Maniskas, LLP Announces Investigation of Warnaco Group Inc.
Thursday, November 01, 2012
Ryan & Maniskas, LLP Announces Investigation of Warnaco Group Inc.11:03 EDT Thursday, November 01, 2012
WAYNE, Pa. (Business Wire) -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/wrc)
is investigating potential claims against the board of directors of
Warnaco Group Inc. (“Warnaco” or the “Company”) (NYSE: WRC) concerning
possible breaches of fiduciary duty and other violations of law related
to the Company's efforts to sell the Company to PVH Corp. in a
transaction valued at approximately $2.9 billion.
Our investigation concerns possible breaches of fiduciary duty and other
violations of law related to the approval of the transaction by the
Company's board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Warnaco. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas,
Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com
or visit: www.rmclasslaw.com/cases/wrc
Under the terms of the proposed transaction, Warnaco shareholders will
receive $51.75 in cash and 0.1822 of a PVH common share for each share
of Warnaco stock they own, a value of approximately $64.83 per Warnaco
share.
If you own shares of Warnaco and would like to learn more about these
claims or if you wish to discuss these matters and have any questions
concerning this announcement or your rights, contact Richard A.
Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online,
visit: www.rmclasslaw.com/cases/wrc.
You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com.
For more information about class action cases in general, please visit
our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal
courts nationwide.
Ryan & Maniskas, LLPRichard A. Maniskas, Esquire877-316-3218rmaniskas@rmclasslaw.comwww.rmclasslaw.com/cases/wrc
