Rigrodsky & Long, P.A. Announces Investigation Of Nash-Finch Company Buyout
July 25 2013 - 5:34PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Nash-Finch
Company (NASDAQ GS: NAFC)?
- Did you purchase any of your shares
prior to July 22, 2013?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Nash-Finch
Company (“Nash-Finch” or the “Company”) (NASDAQ GS: NAFC) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
Spartan Stores, Inc. (“Spartan”) (NASDAQ GS: SPTN) in a transaction
valued at approximately $1.3 billion, including the assumption of
debt.
Click here to learn more:
http://www.rigrodskylong.com/investigations/nash-finch-company-nafc.
Under the terms of the agreement, public shareholders of
Nash-Finch will receive 1.20 shares of Spartan for each share of
Nash-Finch they own. Based on Spartan’s closing price prior to the
announcement of the proposed transaction, Nash-Finch shareholders
would have received consideration valued at approximately $25.44
per share.
The investigation concerns whether Nash-Finch’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Nash-Finch’s shareholders before entering into
an agreement with Spartan.
If you own the common stock of Nash-Finch and purchased your
shares before July 22, 2013, 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 Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825
East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/nash-finch-company-nafc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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