ARDEN GROUP INVESTOR ALERT: Faruqi & Faruqi, LLP Announces Acquisition of
Arden Group Inc. (ARDNA) by TPG Capital May Be Detrimental To Shareholders
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Arden Group, Inc.
NEW YORK -- January 8, 2014
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating the Board of
Directors of Arden Group, Inc. (“Arden Group” or the “Company”) (NASDAQ:
ARDNA) for potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to TPG in a cash deal valued at
approximately $394 million. Under the terms of the proposed transaction, Arden
Group’s stockholders will receive $126.50 for each share of Arden Group common
stock they own.
Request more information now by clicking here: www.faruqilaw.com/ARDNA. There
is no cost or obligation to you.
The investigation focuses on whether the Company’s Board of Directors breached
their fiduciary duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether and by how much this proposed transaction undervalues the
Company to the detriment of Arden Group’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients. To keep track of the
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If you own common stock in Arden Group, Inc. and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/ARDNA or contact Juan E. Monteverde, Esq. either via e-mail
at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212)
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible
for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior
results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
(877) 247-4292 or (212) 983-9330
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