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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ruby Tuesday, Inc. (delisted) | NYSE:RT | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.40 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
NEW YORK, Oct. 16, 2017 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of Ruby Tuesday, Inc. (NYSE: RT) ("Ruby Tuesday" or the "Company") on behalf of its shareholders. Omega announced that it has entered into a definitive agreement to be acquired by the private equity firm NRD Capital in a cash deal valued at approximately $335 million. NRD Capital will acquire Ruby Tuesday for $2.40 per share.
Our investigation has determined that the offer price of only $2.40 per share, unfairly under-values the true going forward inherent value of Ruby Tuesday and that shareholders may not be receiving the maximum value for their shares. Indeed, the book value of the Company is $5.12 per share, and the stock hit a high of $3.68 per share within the past year. The investigation further seeks to determine whether Ruby Tuesday senior management is entering into this deal for their own self-interests to the detriment of the Company's shareholders.
If you are a shareholder of Ruby Tuesday and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
Attorney advertising. Prior results do not indicate a similar outcome.
View original content with multimedia:http://www.prnewswire.com/news-releases/ruby-tuesday-buyout-alert---national-securities-law-firm-seeks-higher-price-for-ruby-tuesday-shareholders-in-connection-with-proposed-buyout-and-encourages-shareholders-to-contact-law-firm-for-more-information-300537073.html
SOURCE Tripp Levy PLLC
Copyright 2017 PR Newswire
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