Rigrodsky & Long, P.A. Announces Investigation Of Maidenform Brands, Inc.
Hanes offers only $23.50 per share to Maidenform shareholders
WILMINGTON, Del., Aug. 5, 2013
WILMINGTON, Del., Aug. 5, 2013 /PRNewswire/ --Rigrodsky & Long, P.A.:
oDo you own shares of Maidenform Brands, Inc. (NYSE: MFB)?
oDid you purchase any of your shares prior to July 24, 2013?
oDo you think the proposed buyout price is too low?
oDo you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Maidenform Brands, Inc. ("Maidenform"
or the "Company") (NYSE: MFB) regarding possible breaches of fiduciary duties
and other violations of law related to the Company's entry into an agreement
to be acquired by Hanesbrands Inc. ("Hanes") (NYSE: HBI) in a transaction
valued at approximately $575 million.
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Under the terms of the agreement, public shareholders of Maidenform will
receive $23.50 per share in cash for each share of Maidenform they own.
The investigation concerns whether Maidenform's board of directors failed to
adequately shop the Company and obtain the best possible value for
Maidenform's shareholders before entering into an agreement with Hanes.
If you own the common stock of Maidenform and purchased your shares before
July 24, 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 Rigrodsky or Peter Allocco 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:
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.
Fax: (302) 654-7530
SOURCE Rigrodsky & Long, P.A.
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