|[March 17, 2014]
HASTINGS ENTERTAINMENT, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
WILMINGTON, Del. --(Business Wire)--
Rigrodsky & Long, P.A.:
Do you own shares of Hastings Entertainment, Inc. (NASDAQ CM: HAST)?
Did you purchase any of your shares prior to March 17, 2014?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Hastings Entertainment, Inc.
("Hastings" or the "Company") (NASDAQ CM: HAST)
regarding possible beaches of fiduciary duties and other violations of
law related to the Company's entry into an agreement to be acquired by
affiliates of Joel Weinshanker ("Weinshanker") in a transaction valued
at approximately $21.4 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/hastings-entertainment-inc-hast.
Under the terms of the agreement, public shareholders of Hastings will
receive $3.00 per share in cash for each share of Hastings they own.
The investigation concerns whether Hastings's board of directors failed
to adequately shop the Company and obtain the best possible value for
Hastings's shareholders before entering into an agreement with
Weinshanker. According to Yahoo! Finance, at least one analyst has
issued a price target for Hastings stock at $5.00 per share.
If you own the common stock of Hastings and purchased your shares before
March 17, 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, Delaware 19803; by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org,
or at: http://www.rigrodskylong.com/investigations/hastings-entertainment-inc-hast.
& 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.
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