Press release from Business Wire
Rigrodsky & Long, P.A. Announces Investigation Of Maidenform Brands, Inc. Buyout
<p> <i><b>Hanes offers only $23.50 per share to Maidenform shareholders</b></i> </p>
Thursday, July 25, 2013
Rigrodsky & Long, P.A. Announces Investigation Of Maidenform Brands, Inc. Buyout18:37 EDT Thursday, July 25, 2013
WILMINGTON, Del. (Business Wire) -- Rigrodsky & Long, P.A.:
- Do you own shares of Maidenform Brands, Inc. (NYSE: MFB )?
- Did you purchase any of your shares prior to July 24, 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 Maidenform Brands, Inc. (“Maidenform” or the “Company”) (NYSE: MFB) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Hanesbrands Inc. (“Hanes”) (NYSE: HBI) in a transaction valued at approximately $575 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/maidenform-brands-inc-mfb.
Under the terms of the agreement, public shareholders of Maidenform will receive $23.50 per share in cash for each share of Maidenform they own.
The investigation concerns whether Maidenform's board of directors failed to adequately shop the Company and obtain the best possible value for Maidenform's shareholders before entering into an agreement with Hanes.
If you own the common stock of Maidenform and purchased your shares before July 24, 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 Rigrodsky or Peter Allocco 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 firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/maidenform-brands-inc-mfb.
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.