NEW YORK, Nov. 17, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of RealD Inc. ("RealD" or the "Company") (NYSE: RLD) for potential breaches of fiduciary duties in connection with the sale of the Company to Rizvi Traverse Management, LLC for approximately $551 million in a cash transaction.
The Company's stockholders will only receive $11.00 for each share of Company common stock they own. However, at least one analyst has set a price target for RealD stock at $15.00 per share.
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The investigation focuses on whether RealD's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of RealD's shareholders.
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If you own common stock in RealD and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/RLD or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact: Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. firstname.lastname@example.org Toll Free: (877) 247-4292 Phone: (212) 983-9330
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