|[December 27, 2013]
THE JONES GROUP INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
WILMINGTON, Del. --(Business Wire)--
Rigrodsky & Long, P.A.:
Do you own shares of The Jones Group Inc. (NYSE: JNY)?
Did you purchase any of your shares prior to December 19, 2013?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of The Jones Group Inc. ("The
Jones Group" or the "Company") (NYSE: JNY)
regarding possible breaches of fiduciay duties and other violations of
law related to the Company's entry into an agreement to be acquired by
affiliates of Sycamore Partners ("Sycamore"), in a transaction valued at
approximately $2.2 billion, including net debt.
Click here to learn more: http://www.rigrodskylong.com/investigations/the-jones-group-inc-jny.
Under the terms of the agreement, public shareholders of The Jones Group
will receive $15.00 per share in cash for each share of The Jones Group
The investigation concerns whether The Jones Group's board of directors
failed to adequately shop the Company and obtain the best possible value
for The Jones Group's shareholders before entering into an agreement
with Sycamore. According to Yahoo! Finance, at least one analyst has
issued a price target for The Jones Group stock at $18.00 per share.
If you own the common stock of The Jones Group and purchased your shares
before December 19, 2013, if you have information or would like to learn
more about these claims, or if you wish to discuss these matters or have
any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina
M. Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300,
Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail
to email@example.com, or at: http://www.rigrodskylong.com/investigations/the-jones-group-inc-jny.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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