WILMINGTON, Del., Dec. 18, 2014 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of MicroFinancial Incorporated (NASDAQ
GM: MFI)?
- Did you purchase any of your shares prior to December 15, 2014?
- 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
MicroFinancial Incorporated ("MicroFinancial" or the "Company")
(NASDAQ GM: MFI) regarding possible breaches of fiduciary duties
and other violations of law related to the Company's entry into an
agreement to be acquired by affiliates of Fortress Investment Group
LLC ("Fortress"), in a transaction valued at approximately
$147 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/microfinancial-incorporated-mfi.
Under the terms of the agreement, public shareholders of
MicroFinancial would receive $10.20
in cash for each share of MicroFinancial they own.
The investigation concerns whether MicroFinancial's board of
directors failed to adequately shop the Company and obtain the best
possible value for MicroFinancial's shareholders before entering
into an agreement with Fortress.
If you own the common stock of MicroFinancial and purchased your
shares before December 15, 2014, 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., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/microfinancial-incorporated-mfi.
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
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/microfinancial-incorporated-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300012054.html
SOURCE Rigrodsky & Long, P.A.