Law firm investigates Arden Group buyout

Wilmington, Del. — Law firm Rigrodsky & Long, P.A is investigating potential legal claims against the board of directors of Arden Group, Inc. regarding possible breaches of fiduciary duties and other violations of law related to the company’s entry into an agreement to be acquired by global private investment firm TPG, in a transaction valued at approximately $394 million.

Under the terms of the agreement, public shareholders of Arden will receive $126.50 per share in cash for each share of Arden they own. The investigation concerns whether Arden’s board of directors failed to adequately shop the company and obtain the best possible value for Arden’s shareholders before entering into an agreement with TPG. Shareholders who own the common stock of Arden and purchased your shares before December 20, 2013 may be eligible to participate in potential legal claims.

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