NEW YORK, Oct. 16, 2017 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities and shareholder rights law firm,
announces that it is investigating the potential sale of Ruby
Tuesday, Inc. (NYSE: RT) ("Ruby Tuesday" or the "Company") on
behalf of its shareholders. Omega announced that it has
entered into a definitive agreement to be acquired by the private
equity firm NRD Capital in a cash deal valued at approximately
$335 million. NRD Capital will
acquire Ruby Tuesday for $2.40 per
share.
Our investigation has determined that the offer price of only
$2.40 per share, unfairly
under-values the true going forward inherent value of Ruby Tuesday
and that shareholders may not be receiving the maximum value for
their shares. Indeed, the book value of the Company is $5.12 per share, and the stock hit a high of
$3.68 per share within the past
year. The investigation further seeks to determine whether
Ruby Tuesday senior management is entering into this deal for their
own self-interests to the detriment of the Company's
shareholders.
If you are a shareholder of Ruby Tuesday and would like
additional information as to how the proposed acquisition may
affect your rights as a shareholder, and how you may be eligible to
obtain a higher price for your shares, please contact us at no cost
at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in mergers and acquisitions transactions and has
assisted in the recovery of billions of dollars for shareholders in
securities actions around the globe.
Attorney advertising. Prior results do not indicate a
similar outcome.
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