NEW YORK, May 2, 2014 /PRNewswire/ — Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of R.G. Barry Corporation (NASDAQ: DFZ). The private equity firm Mill Road Capital, which owns 9.8% of R.G. Barry, will acquire the remaining shares of R.G. Barry that it does not already own for only $19 per share.
The investigation concerns whether the board of directors of R.G. Barry engaged in a full and fair auction and process to insure that shareholders received the maximum value for their shares. Indeed, analysts have projected that the true going forward inherent value of the company is worth at least $21 per share. Further, Mill Road has agreed to vote its 9.8% stake in favor of the merger.
If you are a shareholder of R.G Barry and would like additional information as to how the acquisition may affect your rights as a shareholder, at no cost or expense, please contact us