ARDEN GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

  ARDEN GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces
  Investigation Of Buyout

Business Wire

WILMINGTON, Del. -- January 2, 2014

Rigrodsky & Long, P.A.:

  *Do you own shares of Arden Group, Inc. (NASDAQ GM: ARDNA)?
  *Did you purchase any of your shares prior to December 20, 2013?
  *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 Arden Group, Inc. (“Arden” or the
“Company”) (NASDAQ GM: ARDNA) 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 (“TPG”), in a transaction
valued at approximately $394 million.

Click here to learn more:
http://www.rigrodskylong.com/investigations/arden-group-inc-ardna.

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.

If you own the common stock of Arden and purchased your shares before December
20, 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 info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/arden-group-inc-ardna.

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
States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Contact:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
888-969-4242
516-683-3516
Fax: 302-654-7530
info@rl-legal.com
http://www.rigrodskylong.com
 
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