Golfsmith International Holdings, Inc. : Rigrodsky & Long, P.A. Announces Investigation Of Golfsmith International Holdings, Inc. Over Its Agreement To Be Acquired By Golf Town
05/14/2012| 01:40pm US/Eastern
& Long, P.A. announces that it is investigating potential claims
against the board of directors of Golfsmith International Holdings, Inc.
("Golfsmith" or the "Company") (NASDAQ GM: GOLF)
regarding the Company's entry into an agreement to be acquired by Golf
Town ("Golf Town") in a transaction valued at $6.10 per share in cash,
or a total of approximately $97 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/golfsmith-international-holdings-inc-golf.
The investigation concerns whether Golfsmith's board of directors failed
to adequately shop the Company and obtain the best price possible for
Golfsmith's shareholders before entering into an agreement with Golf
Town. According to Yahoo! Finance, at least one analyst has set a price
target for Golfsmith stock at $7.50 per share.
If you own the common stock of Golfsmith and purchased your shares
before May 14, 2012, 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 Peter Allocco at Rigrodsky &
Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York
11530 toll free at (888) 969-4242, by e-mail to email@example.com,
or at: http://www.rigrodskylong.com/investigations/golfsmith-international-holdings-inc-golf.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
© Business Wire 2012