WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Isle of Capri Casinos, Inc. (NASDAQ GS: ISLE)?
- Did you purchase any of your shares prior to September 19, 2016?
- Do you think the proposed buyout value 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 Isle of Capri Casinos, Inc. (“Isle of Capri” or the “Company”) (NASDAQ GS: ISLE) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Eldorado Resorts, Inc. (“Eldorado”) (NASDAQ GS: ERI), in a transaction valued at approximately $1.7 billion.
Click here to learn more: http://rigrodskylong.com/investigations/isle-of-capri-casinos-inc-isle.
Under the terms of the agreement, shareholders of Isle of Capri will receive either $23.00 in cash or 1.638 shares of Eldorado common stock for each share of Isle of Capri they own.
The investigation concerns whether Isle of Capri’s board of directors failed to adequately shop the Company and obtain the best possible value for Isle of Capri’s shareholders before entering into an agreement with Eldorado.
If you own the common stock of Isle of Capri and purchased your shares before September 19, 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/isle-of-capri-casinos-inc-isle.
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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