True Religion Apparel, Inc. (NASDAQ:TRLG) Investor Investigation In Connection With Possible Takeover Announced

If you purchased shares of the True Religion Apparel, Inc. (NASDAQ:TRLG) and currently hold any of those NASDAQ:TRLG 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): 
True Religion
Affected Securities: 
NASDAQ: TRLG

May 10, 2013 (Update) - On May 10, 2013, True Religion Apparel, Inc. announced that it has entered into a definitive merger agreement with TowerBrook Capital Partners L.P. in a transaction valued at approximately $835 million.Under the terms of the merger agreement, TowerBrook Capital Partners L.P. will acquire all of the outstanding shares of True Religion Apparel, Inc. common stock for $32.00 per share in cash.

However, given that at least on analyst has set the high target price for NASDAQ:TRLG shares at $38.00 per share, the investigation a law firm concerns whether the offer is too low for NASDAQ:TRLG investors.

Mar. 25, 2013 (Shareholders Foundation) - An investigation on behalf of investors in True Religion Apparel, Inc. (NASDAQ:TRLG) shares was announced concerning whether a takeover of True Religion Apparel, Inc. would be unfair to investors in NASDAQ:TRLG shares.

The investigation by a law firm is at an early stage and concerns whether a potential takeover would be unfair to NASDAQ:TRLG investors.

In Octboer 2012True Religion Apparel, Inc. announced that after receiving indications of interest from third parties regarding a potential transaction with the Company, the Board of Directors has formed a Special Committee comprised of its non-management directors to explore and evaluate potential strategic alternatives available to the Company, including a possible sale, in order to maximize shareholder value.

Then on March 19, 2013, True Religion Apparel announced that Jeff Lubell has decided to step down as Chairman, Chief Executive Officer, Creative Director and employee of the Company. True Religion Apparel said that Mr. Lubell has agreed to serve as Chairman Emeritus and a creative consultant to the Company he founded and loves for a period of two years.

Some media outlets stated that this is an indicator for an imminent takeover.

Shares of True Religion Apparel, Inc. (NASDAQ:TRLG) rose on March 20, 2013 to as high as $27.99 per share.

True Religion Apparel, Inc. reported that its Total Revenue rose from $365.71 million in 2010 to $467.29 million in 2012 and that its Net Income increased from $43.50 million in 2010 to $46.02 million in 2012.

Shares of True Religion Apparel, Inc. (NASDAQ:TRLG) grew from as low as $8.18 per share in March 2009 to as high as $36.18 per share in February 2012. Currently NASDAQ:TRLG shares are at $26.00 per share.

However, at least on analyst has set the high target price for NASDAQ:TRLG shares at $38.00 per share.

Therefore the investigation a law firm concerns whether the True Religion Apparel Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.