Friday, October 30, 2015

Faruqi & Faruqi Investigation: Rite Aid Corporation


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rite Aid Corporation (“Rite Aid” or the “Company”) (NYSE:RAD) for potential breaches of fiduciary duties in connection with the sale of the Company to Walgreens Boots Alliance, Inc. for approximately $17.2 billion.
The Company’s stockholders will only receive $9.00 in cash for each share of Company common stock they own. However, the offer is lower than at least one analyst’s price target of $10 per share and 52-week high price of $9.47 per share.
If you own common stock in Company and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: Diamond Foods, Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Diamond Foods, Inc. (“Diamond” or the “Company”) (NasdaqGS:DMND) for potential breaches of fiduciary duties in connection with the sale of the Company to Snyder’s-Lance for approximately $1.27 billion.
The Company’s stockholders will only receive 0.775 shares of Snyder’s-Lance common stock and $12.50 in cash, or approximately $40, for each share of Company common stock they own. However, the offer is below at least one analyst’s price target of $41.00 per share.
If you own common stock in Diamond and wish to obtain additional information and protect your investments free of charge, please contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Wednesday, October 28, 2015

Faruqi & Faruqi Investigation: VBI Vaccines Inc.

Faruqi & Faruqi, LLP Announces the Investigation of VBI Vaccines Inc. (VBIV) Over the Proposed Sale of the Company to SciVac Therapeutics Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of VBI Vaccines Inc. (“VBI” or the “Company”) (NasdaqCM:VBIV) for potential breaches of fiduciary duties in connection with the sale of the Company to SciVac Therapeutics Inc. for approximately $77 million.
The Company’s stockholders will only receive 20.808356 common shares of SciVac for each share of VBI common stock they own, or approximately $2.69 per share. However, at least one analyst sets a VBI target price of $7.00 per share.
If you own common stock in VBI and wish to obtain information and protect your investments free of charge, please contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: River Valley Bancorp


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of River Valley Bancorp (“River Valley” or the “Company”) (NasdaqCM:RIVR) for potential breaches of fiduciary duties in connection with the sale of the Company to German American Bancorp, Inc. for approximately $117 million.
The Company’s stockholders will only receive 0.770 shares of German American common stock and a cash payment of $9.90 per Company share, or approximately $34.06.
If you own common stock in River Valley and wish to obtain additional information and protect your investments free of charge, please contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: Piedmont Natural Gas Co. Inc.

Faruqi & Faruqi, LLP Announces the Investigation of Piedmont Natural Gas Co. Inc. (PNY) Over the Proposed Sale of the Company to Duke Energy Corporation

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Piedmont Natural Gas Co. Inc. (“Piedmont” or the “Company”) (NYSE:PNY) for potential breaches of fiduciary duties in connection with the sale of the Company to Duke Energy Corporation for approximately $6.7 billion. 
The Company’s stockholders will only receive $60.00 in cash for each share of Piedmont common stock they own.
If you own common stock in Piedmont and wish to obtain additional information and protect your investments free of charge, please contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: TriVascular Technologies, Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of TriVascular Technologies, Inc. (“TriVascular” or the “Company”) (NasdaqGS:TRIV) for potential breaches of fiduciary duties in connection with the sale of the Company to Endologix, Inc. for approximately $211 million.
The Company’s stockholders will only receive a combination of cash and stock, to be determined at the closing of the merger, valued at $9.10 for each share of Company common stock they own. However, the offer is lower than at least one analyst’s price target of $13 per share and the April 16, 2014, IPO price of $12 per share.
If you own common stock in TriVascular and wish to obtain additional information and protect your investments free of charge, please contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: Pep Boys


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Pep Boys - Manny, Moe & Jack (“Pep Boys” or the “Company”) (NYSE: PBY) for potential breaches of fiduciary duties in connection with the sale of the Company to Bridgestone Corp. for approximately $835 million.
The Company’s stockholders will only receive $15.00 in cash for each share of Company common stock they own.
If you own common stock in Company and wish to obtain additional information and protect your investments free of charge, please contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Tuesday, October 27, 2015

Faruqi & Faruqi Case: Cytec Industries Inc.


Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, case no. 1:15-cv-00891, on behalf of stockholders of Cytec Industries Inc. (“Cytec” or the “Company”) (NYSE: CYT) who held (and continue to hold) Cytec securities acquired on or before July 28, 2015, when the Company agreed to be acquired by Solvay SA (“Solvay”) through Tulip Acquisition Inc. (“Merger Sub”).
The complaint charges Cytec, its board of directors, Solvay and Merger Sub with violations of the Securities Exchange Act of 1934 (the “Exchange Act”).
On July 28, 2015, Cytec, Solvay, and Merger Sub entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”).  Pursuant to the Merger Agreement, the Company’s common stock will be cancelled and converted into the right to receive $75.25 in cash without interest (the “Merger Consideration”).  The proposed transaction’s total value is $5.5 billion and is expected to close in the fourth calendar quarter of 2015.
The complaint alleges that the Form PREM14A Proxy Statement, which recommended that Cytec stockholders vote in favor of the Merger Agreement, omitted and/or misrepresented material information in contravention of Sections 14(a) and 20(a) of the Exchange Act.  The omitted information is material to the impending decision of Cytec stockholders on whether to vote in favor or against the Merger Agreement and/or whether to seek appraisal for their shares. The complaint also alleges that the $75.25 per share offer price is inadequate, the intrinsic value of Cytec’s common stock is materially in excess of the amount offered for those securities in the proposed transaction given the Company’s prospects for future growth and earnings and the value Solvay attributes to its future success based on the merger.
Plaintiff is represented by Faruqi & Faruqi, LLP, a law firm with extensive experience in prosecuting class actions, and significant expertise in actions involving corporate fraud.  Faruqi & Faruqi, LLP, was founded in 1995 and the firm maintains its principal office in New York City, with offices in Delaware, California, and Pennsylvania.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today.  Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.  

Friday, October 23, 2015

Faruqi & Faruqi Investigation: KLA-Tencor Corporation

Faruqi & Faruqi, LLP Announces the Investigation of KLA-Tencor Corporation (KLAC) Over the Proposed Sale of the Company to Lam Research


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of KLA-Tencor Corporation (“KLA-Tencor” or the “Company”) (NasdaqGS:KLAC) for potential breaches of fiduciary duties in connection with the sale of the Company to Lam Research for approximately $10.6 billion in a cash and common stock transaction. 
The Company’s stockholders will only receive $32.00 in cash and .50 shares of Lam Research common stock for each share of Company common stock they own, or approximately $68.31 per share. However, at least one analyst has set a price target for KLA-Tencor stock at $81.00 per share.
If you own common stock in KLA-Tencor and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: SanDisk Corp.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SanDisk Corp. (“SanDisk” or the “Company”) (NasdaqGS:SNDK) for potential breaches of fiduciary duties in connection with the sale of the Company to Western Digital Corporation for approximately $19 billion in a cash and common stock transaction.
The Company’s stockholders will only receive $67.50 in cash and 0.2387 shares of Western Digital common stock for each share of Company common stock they own, or approximately $84.20 if the previously announced investment in Western Digital by Unisplendour Corporation Limited ("Unisplendour") has not occurred. However, if the Unisplendour transaction closes prior to this acquisition, the Company’s stockholders will only receive $85.10 in cash and 0.0176 shares of Western Digital common stock for each share of Company common stock they own, or approximately $86.33. However, at least one analyst has set a price target for SanDisk stock at $90.00 per share.
If you own common stock in SanDisk and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Faruqi & Faruqi Investigation: SolarWinds, Inc.

Faruqi & Faruqi, LLP Announces the Investigation of SolarWinds, Inc. (SWI) Over the Proposed Sale of the Company


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SolarWinds, Inc. (“SolarWinds” or the “Company”) (NYSE:SWI) for potential breaches of fiduciary duties in connection with the sale of the Company to Silver Lake Partners and Thoma Bravo LLC for approximately $4.5 billion in a cash transaction. 
The Company’s stockholders will only receive $60.10 for each share of Company common stock they own. However, the offer is inadequate based on one analyst’s price target.
If you own common stock in SolarWinds and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Wednesday, October 21, 2015

Faruqi & Faruqi Investigation: Campus Crest Communities, Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Campus Crest Communities, Inc. (“Campus Crest” or the “Company”) (NYSE:CCG) for potential breaches of fiduciary duties in connection with the sale of the Company to Harrison Street Real Estate Capital LLC for approximately $1.9 billion. 
The Company’s stockholders will only receive approximately $7.03 for each share of Company common stock they own. However, the offer is lower than the 52-week high of $8.05 per share and at least one analyst’s price target of $8.00 per share.
If you own common stock in Company and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Friday, October 16, 2015

Faruqi & Faruqi Investigation: Wausau Paper Corp.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Wausau Paper Corp. (“Wausau” or the “Company”) (NYSE:WPP) for potential breaches of fiduciary duties in connection with the sale of the Company to SCA for approximately $513 million in a cash transaction.
The Company’s stockholders will only receive $10.25 for each share of Wausau common stock they own. However, Wassau stock has traded as high as $11.26 per share as recently as January 2, 2015 and, furthermore, at least one analyst has set a price target at $12.00 per share.
If you own common stock in Wausau and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: NewBridge Bancorp


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of NewBridge Bancorp (“NewBridge” or the “Company”) (NasdaqGS:NBBC) for potential breaches of fiduciary duties in connection with the sale of the Company to Yadkin Financial Corporation for approximately $456 million.
The Company’s stockholders will only receive 0.50 shares of Yadkin common stock for each share of Company common stock they own, or approximately $11.40 per share. However, at least one analyst has set a price target for NewBridge stock at $12.50.
If you own common stock in NewBridge and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Wednesday, October 14, 2015

Faruqi & Faruqi Investigate: UTi Worldwide Inc.

Faruqi & Faruqi, LLP Announces the Investigation of UTi Worldwide Inc. (UTIW) Over the Proposed Sale of the Company to DSV
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of UTi Worldwide Inc. (“UTi” or the “Company”) (NasdaqGS:UTIW) for potential breaches of fiduciary duties in connection with the sale of the Company to DSV for approximately $1.35 billion in a cash transaction. 
The Company’s stockholders will only receive $7.10 for each share of UTi common stock they own. However, at least one Wall Street analyst has issued a price target for UTi stock at $14.00 per share.
If you own common stock in UTi and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: EMC Corporation

Faruqi & Faruqi, LLP Announces the Investigation of EMC Corporation (EMC) Over the Proposed Sale of the Company to Dell Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of EMC Corporation (“EMC” or the “Company”) (NYSE:EMC) for potential breaches of fiduciary duties in connection with the sale of the Company to Dell Inc. for approximately $67 billion in a cash transaction. 
The Company’s stockholders will only receive $24.05 for each share of EMC common stock they own. However, at least one analyst has issued a price target for EMC stock at $34.00 per share.
If you own common stock in EMC and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: BioMed Realty Trust, Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of BioMed Realty Trust, Inc. (“BioMed” or the “Company”) (NYSE:BMR) for potential breaches of fiduciary duties in connection with the sale of the Company to Blackstone for approximately $8 billion in a cash transaction, including debt. 
The Company’s stockholders will only receive $23.75 for each share of BioMed common stock they own. However, the offer is inadequate since BioMed shares have traded as high as $25.11 as recently as January.
If you own common stock in BioMed and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: Journal Media Group, Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Journal Media Group, Inc. (“Journal Media” or the “Company”) (NYSE:JMG) for potential breaches of fiduciary duties in connection with the sale of the Company to Gannett Co., Inc. for approximately $280 million in a cash transaction.
The Company’s stockholders will only receive $12.00 for each share of Company common stock they own.
If you own common stock in Journal Media and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Thursday, October 8, 2015

Faruqi & Faruqi Investigation: PMC-Sierra Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of PMC-Sierra Inc. (“PMC” or the “Company”) (NasdaqGS:PMCS) for potential breaches of fiduciary duties in connection with the sale of the Company to Skyworks Solutions, Inc. for approximately $2 billion in a cash transaction.
The Company’s stockholders will only receive $10.50 for each share of PMC common stock they own. However, the offer is significantly lower than at least one analyst’s target price of $14.00 per share.
If you own common stock in PMC and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Faruqi & Faruqi Investigation: AirMedia Group Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of AirMedia Group Inc.  (“AirMedia” or the “Company”) (NasdaqGS:AMCN) for potential breaches of fiduciary duties in connection with the sale of the Company to a consortium composed of members of the Company’s management for approximately $360 million in a cash transaction. 
The Company’s stockholders will only receive $6.00 for each Company ADS they own. However, at least one analyst has set a price target of $6.90 per ADS.
If you own common stock in AirMedia and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Friday, October 2, 2015

Faruqi & Faruqi Investigation: Jacksonville Bancorp, Inc.



Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Jacksonville Bancorp, Inc. (“Company”) (NasdaqCM:JAXB) for potential breaches of fiduciary duties in connection with the sale of the Company to Ameris Bancorp for approximately $96.6 million in a cash or stock transaction. 
The Company’s stockholders will only receive either 0.5861 shares of Ameris common stock or $16.50 in cash for each share of Jacksonville Bancorp common stock they own, subject to the total consideration being 75% stock and 25% cash.
If you own common stock in the Company and wish to obtain additional information and protect your investments free of charge, please contact Faruqi & Faruqi's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: First Capital Bancorp, Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of First Capital Bancorp, Inc. (“First Capital” or the “Company”) (NasdaqCM:FCVA) for potential breaches of fiduciary duties in connection with the sale of the Company to Park Sterling Corporation for approximately $82.5 million in a 70% stock and 30% cash transaction. 
The Company’s stockholders will only receive $5.54 in cash or 0.7748 Park Sterling shares for each share of Company common stock they own.
If you own common stock in First Capital and wish to obtain additional information and protect your investments free of charge, please contact Faruqi & Faruqi's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: Security California Bancorp


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Security California Bancorp (“Company”) (OTC:SCAF) for potential breaches of fiduciary duties in connection with the sale of the Company to Pacific Premier Bancorp, Inc. for approximately $118.9 million in a stock transaction.
The Company’s stockholders will only receive 0.9629 shares of Pacific Premier common stock for each share of Company common stock they own, approximately $18.98 based on the Pacific Premier’s opening price on October 2.
If you own common stock in Company and wish to obtain additional information and protect your investments free of charge, please contact Faruqi & Faruqi's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Thursday, October 1, 2015

Faruqi & Faruqi Investigation: The Phoenix Companies Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The Phoenix Companies Inc. (“Phoenix” or the “Company”) (NYSE:PNX) for potential breaches of fiduciary duties in connection with the sale of the Company to Nassau Reinsurance Group Holdings, L.P. for approximately $217.2 million in a cash transaction. 
The Company’s stockholders will only receive $37.50 for each share of Company common stock they own. However, the Company stock has traded as high as $70.92 in the past 52 weeks as well as the Revenue and Book Value multiples are below the averages of comparable transactions.
If you own common stock in Phoenix and wish to obtain additional information and protect your investments free of charge, please contact Faruqi & Faruqi's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Investigation: Rentrak Corporation


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rentrak Corporation (“Rentrak” or the “Company”) (NasdaqGS:RENT) for potential breaches of fiduciary duties in connection with the sale of the Company to comScore, Inc. for approximately $800 million. 
The Company’s stockholders will only receive 1.15 shares of comScore, approximately $53.15 according to comScore’s closing share price on September 30, for each share of Rentrak they own. However, at least one analyst has set a target price of $100.00 per share and Company shares have traded at $71.89 as recently as August 4, 2015.
If you own common stock in Rentrak and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Faruqi & Faruqi Imvestigation: The Williams Companies, Inc.


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The Williams Companies, Inc. (“Williams” or the “Company”) (NYSE:WMB) for potential breaches of fiduciary duties in connection with the sale of the Company to Energy Transfer Equity, L.P. for approximately $37.7 billion. 
The Company’s stockholders can elect to receive $43.50 in cash or 1.8716 Energy Transfer common shares for each Company share they own. However, at least one analyst has set a target price of $63.00 per share and Company shares have traded at $58.77 as recently as July 14, 2015.
If you own common stock in Williams and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.