Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Golfsmith International Holdings, Inc. (“Golfsmith” or the “Company”) (NASDAQ GM: GOLF) regarding the Company’s entry into an agreement to be acquired by Golf Town (“Golf Town”) in a transaction valued at $6.10 per share in cash, or a total of approximately $97 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/golfsmith-international-holdings-inc-golf.
The investigation concerns whether Golfsmith’s board of directors failed to adequately shop the Company and obtain the best price possible for Golfsmith’s shareholders before entering into an agreement with Golf Town. According to Yahoo! Finance, at least one analyst has set a price target for Golfsmith stock at $7.50 per share.
If you own the common stock of Golfsmith and purchased your shares before May 14, 2012, 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 email@example.com, or at: http://www.rigrodskylong.com/investigations/golfsmith-international-holdings-inc-golf.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.