Acquisition of Arden Group, Inc. by TPG Capital May Not Be in Shareholders' Best Interests

 Acquisition of Arden Group, Inc. by TPG Capital May Not Be in Shareholders'
                                Best Interests

PR Newswire

SAN DIEGO and COMPTON, Calif., Dec. 26, 2013

SAN DIEGO andCOMPTON, Calif., Dec. 26, 2013 /PRNewswire/ --Shareholder
rights attorneys at Robbins Arroyo LLP are investigating the acquisition of
Arden Group, Inc. (ARDNA) by TPG Capital. On December 20, 2013, Arden Group
announced the signing of a definitive merger agreement pursuant to which TPG
will acquire Arden for $126.50 per share in cash for each share of Arden Group
common stock.


Is the Proposed Merger Best for Arden Group and Its Shareholders?

Robbins Arroyo LLP's investigation focuses on whether the board of directors
at Arden Group is undertaking a fair process to obtain maximum value and
adequately compensate Arden Group shareholders in the merger.

As an initial matter, the $126.50 consideration represents a one day discount
of 2% based on the Arden Group's closing price on December 20, 2013, and
premium of only 14% based on Arden Group's closing price on July 12 2013, the
trading day before the announcement that the company was evaluating strategic
alternatives, including a potential sale of the company. Notably, Arden
Group's stock has consistently traded above the $126.50 offer price since the
July announcement, closing as high as $135.82 on September 10, 2013.

Further, Arden Group reported same store sales increases in the company's
sixteen supermarkets for both the third quarter and the nine months ended
September 28, 2013. The company's stores also realized an increase in the
total number of transactions in 2013 as compared to the previous year.

Given these facts, Robbins Arroyo LLP is examining the Arden Group board of
directors' decision to sell the company to TPG now rather than allow
shareholders to continue to participate in the company's continued success and
future growth prospects, and whether they are seeking to benefit themselves.

Arden Group shareholders have the option to file a class action lawsuit to
ensure the board of directors properly evaluates the proposal to obtain the
best possible price for shareholders and the disclosure of material
information. Arden Group shareholders interested in information about their
rights and potential remedies can contact attorney Darnell R. Donahue at (800)
350-6003,, or via the shareholder information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation
and shareholder rights law. The law firm represents individual and
institutional investors in shareholder derivative and securities class action
lawsuits, and has helped its clients realize more than $1 billion of value for
themselves and the companies in which they have invested. 

Attorney Advertising.Past results do not guarantee a similar outcome.


Darnell R. Donahue
Robbins Arroyo LLP
(619) 525-3990 or Toll Free (800) 350-6003

SOURCE Robbins Arroyo LLP

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