Rigrodsky & Long, P.A. Announces Investigation Of Arbitron Inc. Buyout
WILMINGTON, Del. -- January 28, 2013
Rigrodsky & Long, P.A.:
- Do you own shares of Arbitron, Inc. (NYSE: ARB)?
- Did you purchase any of your shares prior to December 18, 2012?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Arbitron Inc. (“Arbitron” or the
“Company”) (NYSE: ARB) regarding possible breaches of fiduciary duties and
other violations of law related to the Company’s entry into an agreement to be
acquired by Nielsen Holdings N.V. (“Nielsen”) (NYSE: NLSN) in a transaction
valued at approximately $1.26 billion.
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Under the terms of the proposal, public shareholders of Arbitron will receive
$48.00 per share in cash for each share of Arbitron they own.
The investigation concerns whether Arbitron’s board of directors failed to
adequately shop the Company and obtain the best possible value for Arbitron’s
shareholders before entering into an agreement with Nielsen.
If you own the common stock of Arbitron and purchased your shares before
December 18, 2012, 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 Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242,
by e-mail to firstname.lastname@example.org, or at:
Rigrodsky & 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
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
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