WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Blue Nile, Inc. (NASDAQ GS: NILE)?
- Did you purchase any of your shares prior to November 7, 2016?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Blue Nile, Inc. (“Blue Nile” or the “Company”) (NASDAQ GS: NILE) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by an Investor Group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC (collectively the “Investor Group”), in a transaction valued at approximately $500 million.
Click here to learn more: http://rigrodskylong.com/investigations/blue-nile-inc-nile.
Under the terms of the agreement, shareholders of Blue Nile will receive $40.75 in cash for each share of Blue Nile common stock.
The investigation concerns whether Blue Nile’s board of directors failed to adequately shop the Company and obtain the best possible value for Blue Nile shareholders before entering into an agreement with the Investor Group.
If you own the common stock of Blue Nile and purchased your shares before November 7, 2016, 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 or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/blue-nile-inc-nile.
Rigrodsky & 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.
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