BENSALEM, Pa.--(Business Wire)--
Law Offices of Howard G. Smith announces that it is investigating potential
claims against the board of directors of Tarrant Apparel Group ("Tarrant")
(NASDAQ:TAGS) related to a proposal from Sunrise Acquisition Company, LLC, its
wholly owned subsidiary Sunrise Merger Company, and Gerard Guez and Todd Kay -
the Chairman and Vice Chairman, respectively, of Sunrise Merger Company`s board
of directors - to acquire all of the outstanding shares of Tarrant, other than
the shares held by Gerard Guez and Todd Kay.
Under the terms of the agreement, Sunrise Merger Company would merge with and
into Tarrant Apparel Group, and Sunrise Acquisition Company, LLC would acquire
the Tarrant shares for $0.85 per share. The deal is valued at approximately $15
million. The investigation concerns possible breaches of fiduciary duty and
other violations of state law related to the Tarrant board`s approval of the
proposed merger.
If you own the common stock of Tarrant Apparel Group, 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 Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888)
638-4847, or by email to howardsmith@howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
Copyright Business Wire 2009
