LOS ANGELES — At least nine shareholder-rights law firms said this week they have begun investigations into the proposed sale of Arden Group, saying the $394 million price tag may be too low. CONNECT WITH SN ON TWITTER Follow @SN_News for updates throughout the day. "The transaction may undervalue the company and will result in a loss or no gain for many Arden shareholders,” said a statement from Brodsky & Smith, a law firm based in Bala Cynwyd, Pa. That firm and ...

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