INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of R.G. Barry Corp. Buyout Proposal
SMITHTOWN, NY, May 6, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of R. G. Barry Corp.(“R.G. Barry”) (NASDAQ GS: DFZ) for possible breaches of fiduciary duties and other violations of law in connection with R.G. Barry’s agreement to be acquired by Mill Road Capital (“Mill Road”), in a transaction valued at approximately $215 million.
Under the terms of the agreement, public shareholders of R.G. Barry would receive $19.00 in cash for each share of R.G. Barry they own.
The investigation concerns whether R.G. Barry’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to R.G. Barry’s stockholders would be fair and adequate, and whether R.G. Barry is acting in its stockholders’ best interests.