Rigrodsky & Long, P.A. Announces Investigation Of BIDZ.com, Inc. Over Its Agreement To Be Acquired By Glendon Group, Inc.
18 Mai 2012 - 5:18PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of BIDZ.com, Inc.
(“BIDZ.com” or the “Company”) (NASDAQ CM: BIDZ) regarding possible
breaches of fiduciary duties and other violations of law related to
the Company’s entry into an agreement to be acquired by Glendon
Group, Inc. (“Glendon Group”) in a transaction valued at
approximately $14 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/bidzdotcom-inc-bidz.
Under the terms of the proposal, public shareholders of BIDZ.com
will receive $0.78 per share in cash for each share of BIDZ.com
they own. According to Yahoo! Finance, at least one analyst has set
a price target for BIDZ.com stock at $1.25 per share.
If you own the common stock of BIDZ.com and purchased your
shares before May 17, 2012, 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
Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/bidzdotcom-inc-bidz.
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.
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