Rigrodsky & Long, P.A. Investigates AMREP Corporation Going Private Offer

  • Do you own AMREP Coporation common stock?
  • Did you purchase your shares before September 8, 2010?
  • Do you feel Nicholas G. Karabots offer to take the Company private is unfair?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of AMREP Corporation concerning the Company’s receipt of a proposal from Nicholas G. Karabots, the Company’s Vice Chairman of the Board, for a going private transaction.

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Rigrodsky & Long, P.A. Investigates AMREP Corporation Going Private Offer

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of AMREP Corporation (“AMREP” or the “Company”) (NYSE: AXR) concerning the Company’s receipt of a proposal from Nicholas G. Karabots, the Company’s Vice Chairman of the Board, for a going private transaction (the “Proposal”). 

The investigation concerns whether AMREP’s board of directors is adequately shopping the Company and working to obtain the best price possible for AMREP’s shareholders.  The Proposal contemplates the acquisition of all of the outstanding shares of common stock of AMREP not currently owned by Mr. Karabots for $12.00 per share in cash.  Mr. Karabots already owns approximately 60% of the Company’s outstanding shares.  In addition, the Proposal indicates that certain other stockholders of AMREP could participate in the transaction with Mr. Karabots.  Moreover, Mr. Karabots has indicated that he is not interested in selling his interest in AMREP to anyone else.

If you own the common stock of AMREP and purchased your shares before September 8, 2010, 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.

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R & L, with offices in Delaware and New York, 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.

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