LOS ANGELES -- (Business Wire)
The Law Offices of Todd M. Garber announces that it is investigating
potential claims against the Board of Directors of True Religion
Apparel, Inc. (“True Religion” or the “Company”) (NASDAQ:TRLG) related
to the proposed acquisition of the Company by TowerBrook Capital
Partners LP. The transaction is valued at approximately $826 million, or
$32 per share.
This investigation concerns whether the Board of Directors of True
Religion breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the proposed
transaction, and whether the Company has disclosed all material
information to shareholders about the transaction. The Company has seen
substantial recent growth. Its share price has skyrocketed from $20.57
on August 2, 2012 to $28.08 on April 25, 2013. Further, at least one
analyst has set a target price for the Company’s stock at $38 per share.
If you are a shareholder of True Religion, if you have information or
would like to learn more about our investigation, 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 Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber,
by telephone at 213-700-7262 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Law Offices of Todd M. Garber
Todd M. Garber, Esquire
Source: Law Offices of Todd M. Garber
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