An investigation for shareholders inRealD (NYSE:RLD) in connection with the proposed takeover was announced and NYSE:RLD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/16/2015 -- An investigation for shareholder in shares of RealD was announced concerning whether the takeover of RealD by Rizvi Traverse Management, LLC is unfair to NYSE:RLD stockholders.
Investors who purchased shares of RealD (NYSE:RLD) and currently hold any of those NYSE:RLD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of RealD breached their fiduciary duties owed to NYSE:RLD investors in connection with the proposed acquisition.
On November 9, 2015, RealD (NYSE:RLD) and Rizvi Traverse Management, LLC announced that they have entered into an agreement pursuant to which Rizvi Traverse Management, LLC will acquire RealD (NYSE:RLD for $11.00 per share, in an all-cash merger transaction.
However, given that at least one analyst has set the high target for NYSE:RLD shares at $15.00 per share and given that traded in the open market as recently as July 2015 as high as $12.99 per share, the investigation concerns whether the offer is unfair to NYSE:RLD stockholders.
In addition, given that in connection with the merger agreement, the Chairman and Chief Executive Officer of RealD Michael V.Lewis has already signed customary support agreements pursuant to which he has agreed to vote his shares in favor of the merger, the investigation concerns whether the RealD Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Those who are current investors in RealD (NYSE:RLD) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com