The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of R.G. Barry Corporation (“R.G. Barry” or the “Company”) (NasdaqGS: DFZ) and other violations of state law by the board of directors of R.G. Barry relating to the proposed buyout of the Company by Mill Road Capital (“Mill Road”).
Under the terms of the transaction, R.G. Barry shareholders will receive $19.00 per share in cash for each share of R.G. Barry stock they own. According to Yahoo! Finance, at least one analyst following R.G. Barry has set a target price of $21.50 per share.
The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Mill Road is underpaying for R.G. Barry shares.
If you currently own common stock of R.G. Barry and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616. Attorneys at Brower Piven together have more than a century of experience litigating securities and other class action cases.