New York - Tripp Levy PLLC a leading national securities law firm announces that it is investigating the acquisition of Arbitron on behalf of shareholders. It was announced that Nielson will acquire all the outstanding shares of the company for only $48 per share
The investigation concerns whether the board of directors breached their fiduciary duties to shareholders by obtaining personal benefits for themselves to enter into this transaction at this price without a full and fair auction
If you are a shareholder and would like to learn how this buyout effects you and how you can be considered for a higher price please contact us toll free at 877-772-3975
ARB was spun off of Control Data in 1991 at 27.75. In the more than 20 years it has done next to nothing, including not ever raising its dividend. The 48 is a 26% premium to yesterday's closing, which looks pretty good to me. That you now have a whole passle of law firms coming in is no coincidence. They aren't around to be altruists.