Company Website:
http://www.powerstaylor.com
DALLAS -- (Business Wire)
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of True Religion Apparel,
Inc. (“True Religion”) (NasdaqGS: TRLG) to TowerBrook Capital Partners
L.P. for shareholders. Under the terms of the proposed sale valued at
approximately $835 million, True Religion shareholders will only receive
$32.00 in cash for each share of True Religion stock owned, well below
at least one analyst’s estimate of $38.00 per share.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at zach@powerstaylor.com.
There is no cost or fee to you.
The True Religion sale investigation centers on whether True Religion’s
shareholders are receiving adequate compensation for their shares in the
proposed deal, whether the transaction undervalues True Religion’s
stock, and whether True Religion’s board attempted to obtain the highest
share price for all shareholders prior to agreeing to the deal. Notably,
at least one analyst with Yahoo! Finance has estimated that the true
inherent value of True Religion stock could be as high as $38.00 per
share. According to shareholder rights attorney Willie Briscoe, “due to
the size of the deal, analysts’ estimates, the lack of a significant
premium and other factors, we believe this transaction may undervalue
True Religion’s stock. Our proposed lawsuit will seek to obtain the
highest share price for all shareholders.”
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Powers
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
Contacts:
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers
Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com
Source: Powers Taylor, LLP
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