http://www.rigrodskylong.com/news/PRIMEDIAInc-PRM

  • Do you own PRIMEDIA Inc. common stock?
  • Did you purchase your shares prior to May 16, 2011?
  • Do you feel the Company's sale to TPG Capital 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 PRIMEDIA Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by affiliates of TPG Capital in a transaction with a total enterprise value of approximately $525 million. 

Click here to read the full press release.

Rigrodsky & Long, P.A. Investigates PRIMEDIA Inc. Buyout for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of PRIMEDIA Inc. (“PRIMEDIA” or the “Company”) (NYSE: PRM) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by affiliates of TPG Capital (“TPG”) in a transaction with a total enterprise value of approximately $525 million. 

Under the proposed agreement, TPG will acquire all of the outstanding shares of PRIMEDIA for $7.10 per share in cash.  Furthermore, shareholders holding approximately 58% of the outstanding PRIMEDIA common stock have executed a written consent approving the transaction.

The investigation concerns whether PRIMEDIA’s board of directors failed to adequately shop the Company and obtain the best price possible for PRIMEDIA’s shareholders before entering into the agreement with TPG.

If you own the common stock of PRIMEDIA and purchased your shares before May 16, 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.

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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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