WILMINGTON, Del., July 17, 2014 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Vitacost.com, Inc. (NASDAQ GS:
VITC)?
- Did you purchase any of your shares prior to July 2, 2014?
- 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
Vitacost.com, Inc. ("Vitacost" or the "Company") (NASDAQ GS: VITC)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by The Kroger Co. ("Kroger") (NYSE: KR), in a
transaction valued at approximately $280
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/vitacost-com-inc-vitc.
Under the terms of the agreement, public shareholders of
Vitacost would receive $8.00 in cash
for each share of Vitacost they own.
The investigation concerns whether Vitacost's board of directors
failed to adequately shop the Company and obtain the best possible
value for Vitacost's shareholders before entering into an agreement
with Kroger. According to Yahoo! Finance, at least one
analyst has issued a price target for Vitacost stock at
$10.00 per share.
If you own the common stock of Vitacost and purchased your
shares before July 2, 2014, 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://www.rigrodskylong.com/investigations/vitacost-com-inc-vitc.
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.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.