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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
SAN DIEGO, Oct. 16, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Ruby Tuesday, Inc. (NYSE: RT) ("Ruby Tuesday") breached their fiduciary duties in connection with the proposed sale of the Company to NRD Capital. Ruby Tuesday engages in the ownership, development, operation, and franchise of casual dining restaurants under the Ruby Tuesday name in the United States and internationally.
On October 16, 2017, Ruby Tuesday announced that it had signed a definitive merger agreement with NRD Capital. Terms of the deal call for shareholders to receive $ 2.40 per share for each share of Ruby Tuesday stock they own.
The investigation concerns whether the Ruby Tuesday board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Ruby Tuesday shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal price represents adequate consideration, especially given one Wall Street analyst has a $5.00 price target on the stock. Ruby Tuesday's 52 - week high was $3.67.
If you are a shareholder of Ruby Tuesday and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
View original content:http://www.prnewswire.com/news-releases/ruby-tuesday-rt-alert-johnson-fistel-investigates-proposed-sale-of-ruby-tuesday-inc-is-240-a-fair-price-300537047.html
SOURCE Johnson Fistel, LLP
Copyright 2017 PR Newswire
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