The Law Offices of Howard G. Smith is investigating whether the Board of Directors of Tween Brands, Inc. (NYSE: TWB) breached its fiduciary duty to its shareholders in agreeing to sell the Company to Dress Barn, Inc. in an all stock deal valued at approximately $6.22 per share.
The Law Offices of Howard G. Smith believes that the deal is suspicious because it appears from a review of the Company's financial statements that the inherent value of the Company's stock is greater than $6.22, because the stock traded much higher as recently as the last quarter of 2008, and also because at least one analyst has recently valued the stock at $8.00 per share. Additionally, the fact that this is a stock-for-stock rather than a cash deal and that Tween's Directors will receive good jobs with Dress Barn make this deal suspicious.
If you own common stock in Tween Brands, Inc. (NYSE: TWB) and wish to protect your investment, please call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you or complete the online questionnaire and Mr. Smith will promptly call you.
