Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of RealD Inc (NYSE: RLD) acted responsibly on behalf of investors’ profitability in the planned $551 million sale to Rizvi Traverse Management.
On November 9, 2015, RealD Inc (NYSE: RLD) and Rizvi Traverse Management announced that they had entered into a merger agreement. Under the terms of the merger agreement, Rizvi Traverse Management will offer RealD Inc shareholders $11.00 per share in cash for all outstanding shares.
Based in Beverly Hills, California, and founded in 2003 RealD Inc is a licensor of 3D and other visual technologies worldwide.
The investigation is looking to uncover whether RealD Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $16.00 per share.
If you purchased RealD Inc (NYSE: RLD) prior to November 9, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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