Elizabeth Arden, Inc. (NASDAQ:RDEN) Investor Investigation Over Possible Breaches Of Fiduciary Duties In Takeover Announced

If you purchased shares of Elizabeth Arden, Inc. (NASDAQ:RDEN) and currently hold any of those NASDAQ:RDEN shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Elizabeth Arden
Affected Securities: 
NASDAQ: RDEN

June 24, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Elizabeth Arden, Inc. (NASDAQ:RDEN), was announced concerning whether the takeover of Elizabeth Arden, Inc. by Revlon for $14.00 per share is unfair to Elizabeth Arden, Inc. (NASDAQ:RDEN stockholders.

The investigation by a law firm concerns whether certain officers and directors of Elizabeth Arden, Inc. breached their fiduciary duties owed to NASDAQ:RDEN investors in connection with the proposed acquisition.

On June 16, 2016, Elizabeth Arden, Inc. announced it had signed a definitive merger agreement with Revlon. Under the terms of the agreement, Elizabeth Arden, Inc. (NASDAQ:RDEN) stockholders will receive $14.00 per share in cash.

However, the investigation concerns whether the offer is unfair to Elizabeth Arden, Inc. (NASDAQ:RDEN stockholders. More specifically, the investigation concerns whether the Elizabeth Arden, Inc. (NASDAQ:RDEN Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Elizabeth Arden, Inc. (NASDAQ:RDEN) reached as high as $48.80 per share in May 2013.

On June 21, 2016, NASDAQ:RDEN shares closed at $13.87 per share.