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RLOC Reachlocal, Inc. (MM)

4.60
0.00 (0.00%)
02 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Reachlocal, Inc. (MM) NASDAQ:RLOC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.60 4.59 15.00 0 01:00:00

REACHLOCAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

07/07/2016 6:57pm

Business Wire


Reachlocal, Inc. (MM) (NASDAQ:RLOC)
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Rigrodsky & Long, P.A.:

  • Do you own shares of ReachLocal, Inc. (NASDAQ GS: RLOC)?
  • Did you purchase any of your shares prior to June 27, 2016?
  • Do you think the proposed buyout price is too low?
  • 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 ReachLocal, Inc. (“ReachLocal” or the “Company”) (NASDAQ GS: RLOC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Gannett Co., Inc. (“Gannett”) (NYSE: GCI), in a transaction valued at approximately $156 million.

Click here to learn more: http://rigrodskylong.com/investigations/reachlocal-inc-rloc.

Under the terms of the agreement, shareholders of ReachLocal will receive $4.60 in cash for each share of ReachLocal common stock.

The investigation concerns whether ReachLocal’s board of directors failed to adequately shop the Company and obtain the best possible value for ReachLocal shareholders before entering into an agreement with Gannett.

If you own the common stock of ReachLocal and purchased your shares before June 27, 2016, 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 or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/reachlocal-inc-rloc.

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.

Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra888-969-4242302-295-5310Fax: 302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com

1 Year Reachlocal, Inc. (MM) Chart

1 Year Reachlocal, Inc. (MM) Chart

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1 Month Reachlocal, Inc. (MM) Chart

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