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Rigrodsky & Long, P.A. Investigates Buyout of RC2 Corporation - RCRC

^{Published on 2011-03-11 09:00:43 - Market Wire}
 

WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that it is investigating potential claims against the board of directors of RC2 Corporation (aRC2a or the aCompanya) (Nasdaq: [ RCRC ]) concerning possible breaches of fiduciary duty and other violations of law related to the Companya™s entry into an agreement to be acquired by Tomy Company, Ltd. (aTomya) in a transaction with a total value of approximately $640 million. Click here to learn how to join the action: [ http://www.rigrodskylong.com/news/RC2Corporation-RCRC ].

Under the proposed agreement, Tomy will commence a tender offer for all outstanding shares of RC2 for $27.90 per share in cash.

The investigation concerns whether RC2a™s board of directors failed to adequately shop the Company and obtain the best price possible for RC2a™s shareholders before entering into the agreement with Tomy. Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $29.00 per share for RC2 stock.

If you own the common stock of RC2 and purchased your shares before March 10, 2011, 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, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.