RealD Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
November 24, 2015
Tags: NewsPoints RealD Rizvi United States Corporate Affairs Mergers &
RealD shareholders are joining up in an attempt
to block the $550 million purchase of the company by Rizvi Traverse Management.
The shareholders accuse RealD’s board of breach of fiduciary duties, arguing
that the purchase price is insufficient in light of the company's growth
prospects and that deal-protection clauses in the agreement preclude other
companies from submitting successful competing offers.
RealD did not immediately respond to requests for a comment.
To contact the law firm handling the matter on behalf of shareholders of
RealD for more information call toll free 800.511.7037