|[December 26, 2013]
ARDEN GROUP SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Arden Group, Inc. (ARDNA) Over the Proposed Sale of the Company to TPG Capital
NEW YORK --(Business Wire)--
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Arden
Group, Inc. ("Arden Group" or the "Company") (NASDAQ:ARDNA) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to TPG in a cash deal valued at
approximately $394 million. Under the terms of the proposed transaction,
Arden Group's stockholders will receive $126.50 for each share of Arden
Group common stock they own.
Request more information now by clicking here: www.faruqilaw.com/ARDNA.
There is no cost or obligation to you.
The investigation focuses on whether the Company's Board of Directors
breached their fiduciary duties to the Company's stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of Arden Group's shareholders.
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients. To
keep track of the latest securities litigation news, follow us on
Twitter (News - Alert) at www.twitter.com/MergerActivity
or on Facebook (News - Alert) at www.facebook.com/FaruqiLaw.
If you own common stock in Arden Group, Inc. and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/ARDNA
or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
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