Ault Alliance Inc (AULT)

[tedkov]

BLUE NILE (NILE) ALERT: Tripp Levy PLLC Launches an Investigation into the Fairness of Price and Process in Proposed Sale of Blue Nile, Inc.

On November 7, 2016, Blue Nile announced it had signed a definitive merger agreement with Bain Capital and Bow Street. Under the terms of the agreement, Blue Nile shareholders will receive $40.75 per share in cash for each share held.

The investigation concerns whether the Blue Nile board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Blue Nile shares of common stock. Tripp Levy PLLC is investigating whether the proposed deal price represents adequate consideration.

If you are a shareholder of Blue Nile and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact us at 800.511.7037 or at [e-mail]