Rigrodsky & Long, P.A. Announces Investigation Of Hot Topic, Inc. Buyout
Rigrodsky & Long, P.A.:
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Do you own shares of Hot Topic, Inc. (NASDAQ GS: HOTT)?
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Did you purchase any of your shares prior to March 7, 2013?
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Do you think the proposed buyout price is too low?
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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 Hot Topic, Inc. (“Hot Topic” or
the “Company”) (NASDAQ GS: HOTT)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Sycamore Partners (“Sycamore”) in a transaction valued at approximately
$600 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/hot-topic-inc-hott.
Under the terms of the proposal, public shareholders of Hot Topic will
receive $14.00 per share in cash for each share of Hot Topic they own.
The investigation concerns whether Hot Topic’s board of directors failed
to adequately shop the Company and obtain the best possible value for
Hot Topic’s shareholders before entering into an agreement with
Sycamore. According to Yahoo! Finance, at least one analyst has set a
price target for Hot Topic stock at $16.40 per share.
If you own the common stock of Hot Topic and purchased your shares
before March 7, 2013, 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 Peter Allocco at Rigrodsky
& Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York
11530, toll free at (888) 969-4242, by e-mail to info@rigrodskylong.com,
or at: http://www.rigrodskylong.com/investigations/hot-topic-inc-hott.
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.
