Law Office of Brodsky & Smith, LLC Announces Investigation of Alloy, Inc.
June 25 2010 - 4:55PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Alloy, Inc. (“Alloy” or the “Company”) (Nasdaq: ALOY) relating to
the proposed acquisition of Alloy by an investor group including
ZelnickMedia. Under the terms of the agreement, Alloy shareholders
would receive $9.80 in cash for each share of Alloy common stock
they own.
The investigation concerns possible breaches of fiduciary duty
and other violations of state law related to the Alloy board’s
approval of the proposed transaction. The transaction appears to be
unfair, in part, given that Alloy’s senior management may remain
with the company after the transaction and/or have other conflicts
of interests.
If you own shares of Alloy and wish to discuss the legal
ramifications of the proposed transaction, 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
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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