BALA CYNWYD, Pa., June 17, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Elizabeth Arden, Inc. ("Elizabeth Arden" or "the Company") (Nasdaq-
RDEN-News) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Revlon, Inc. ("Revlon").
Click here to learn more about the investigation
http://brodsky-smith.com/1091-rden-elizabeth-arden-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Elizabeth Arden shareholders will receive only
$14.00 in cash for each share of
Elizabeth Arden stock they own. The
investigation concerns whether the Board of Elizabeth Arden
breached their fiduciary duties to shareholders and whether Revlon
is underpaying for the Company. The transaction may undervalue the
Company and would result in a loss for many long-term Elizabeth Arden shareholders. For example,
Elizabeth Arden stock traded at
$18.24 per share on January 14, 2015. In addition, in the transaction
Revlon will pay less than one times Elizabeth Arden sales when beauty companies have
previously sold for two to three times sales.
If you own shares of Elizabeth
Arden stock and wish to discuss the legal ramifications of
the investigation, or have any questions, you may e-mail or
call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You
may contact Jason L. Brodsky,
Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004,
by visiting
http://brodsky-smith.com/1091-rden-elizabeth-arden-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC