OFFER TO BUYOUT RG BARRY - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
September 11, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the proposal by Mill Road to acquire the remaining shares of RG Barry Corp that it does not already own for $20 per share. Mill Road owns 8.6% of RG's shares.
The investigation concerns whether senior management and the board of directors are breaching their fiduciary duties by not engaging in a full and fair auction process to insure that shareholders receive the maximum value for their shares.
If you are a shareholder of RG and would like additional information regarding this matter, at no cost or expense, please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy
How nice of you to investigate the Board of Directors for breach of fiduciary duties, when they only received the offer today and haven't even issued a press release in response. I don't plan on contacting your firm, but as a long-time shareholder, I am against the offer from Mill Road for a number of reasons, including but not limited to, the price.
you are wrong for bashing the law firm on this. Based on my experience, Mill Road is working with the senior management of the company and the board in acquiring the company. They will be joining Mill Road in a management buyout and Mill Road as an over 5% holder has likely insider information to help it make an offer. The law firm is doing the only thing us shareholders have the option to do - join them in contesting the price and the process. I plan on contacting them