Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of A.C. Moore Arts & Crafts, Inc. (“A.C. Moore” or the “Company”) (Nasdaq: ACMR) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Sbar’s, Inc. (“Sbar’s”) in a transaction with an approximate value of $40.8 million.

Click here to learn more and how to join the action: http://investigations.rigrodskylong.com/acmooreartsandcraftsinc-acmr/.

Under the proposed agreement, Sbar’s will commence a tender offer within 10-business days of October 3, 2011 to acquire A.C. Moore for $1.60 per share in cash.

The investigation concerns whether A.C. Moore’s board of directors adequately shopped the Company to obtain the best price possible for A.C. Moore’s shareholders before entering into the agreement with Sbar’s. Indeed, according to Yahoo! Finance, at least one analyst has issued a price target of $3.00 per share for A.C. Moore stock.

If you own the common stock of A.C. Moore and purchased your shares before October 4, 2011, 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 Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Copyright Business Wire 2010