Harwood Feffer LLP Announces Investigation of Winn-Dixie Stores, Inc.
22 Dezembro 2011 - 2:58PM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
Winn-Dixie Stores, Inc. (“Winn-Dixie” or the “Company”) (NASDAQ:
WINN) concerning the proposed acquisition of the Company by BI-LO,
LLC (“BI-LO”) in a transaction with a value of approximately $560
million.
On December 19, 2011, Winn-Dixie announced that it had entered
into a definitive merger agreement pursuant to which the Company
will be acquired by BI-LO. Under the terms of the agreement,
Winn-Dixie shareholders will receive $9.50 per share in cash.
Winn-Dixie stock has closed as high as $9.81 per share as recently
as July 20, 2011 and at least one analyst has set a target price
for the stock of $11.00 per share.
Our investigation concerns whether the board of directors is
fulfilling its fiduciary duties, maximizing the value of
Winn-Dixie, disclosing all material benefits and costs and
obtaining full and fair consideration for Winn-Dixie
shareholders.
If you own Winn-Dixie shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Robert I. Harwood, Esq.Matthew M. Houston, Esq.Benjamin
Sachs-MichaelsHarwood Feffer LLP488 Madison AvenueNew York, New
York 10022Phone Numbers: (877)
935-7400 (212)935-7400Email:
bsachsmichaels@hfesq.comWebsite: http://www.hfesq.com
Harwood Feffer has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in federal and state courts. Please visit the
Harwood Feffer LLP website (http://www.hfesq.com) for more
information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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