Rigrodsky & Long, P.A. Investigates Proposed Buyout of M&F Worldwide Corporation

WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of M&F Worldwide Corporation (“MFW” or the “Company”) (NYSE: MFW) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s receipt of a proposal from MacAndrew & Forbes Holdings, Inc. (“M&F”), to acquire the remainder of the Company it does already own for $24.00 per share in cash (the “Proposal”).

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The investigation concerns whether MFW’s board of directors is adequately shopping the Company and working to obtain the best price possible for MFW’s shareholders.

The Proposal contemplates M&F’s acquisition of all of the outstanding shares of common stock of MFW it does not already own for $24.00 per share in cash. M&F already owns approximately 43% of the Company’s outstanding common stock. Moreover, the Proposal indicated that in M&F’s capacity as a stockholder of the Company it is interested only in acquiring additional shares of the Company and that it has no interest in selling any of its shares.

If you own the common stock of MFW and purchased your shares before June 13, 2011, 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, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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