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| [March 08, 2013] |
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Law Office of Brodsky & Smith, LLC Announces Investigation of Hot Topic, Inc.
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Hot Topic, Inc.("Hot
Topic" or the "Company") (Nasdaq: HOTT) relating to the proposed
acquisition by Sycamore Partners ("Sycamore").
Under the terms of the transaction, Hot Topic shareholders will receive
only $14.00 in cash for each share of Hot Topic stock they own. The
investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of Hot Topic for not
acting in the Company's shareholders' best interests in connection with
the sale process to Sycamore. The transation may undervalue the Company
as an analyst has set a $16.40 per share price target for Hot Topic
stock. The focus of the investigation is whether the Hot Topic Board of
Directors breached their fiduciary duties by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction.
If you own shares of Hot Topic stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your questions. You
may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004,
by e-mail at investorrelations@brodsky-smith.com
visiting http://brodsky-smith.com/552-hott-hot-topic-inc.html,
or by calling toll free 877-LEGAL-90.

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