Finkelstein Thompson LLP Announces Investigation of 99 Cents Only Stores
March 11 2011 - 2:58PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of 99 Cents Only Stores (the “Company”)
(NYSE:NDN) concerning the proposed acquisition of the Company by
the Schiffer/Gold family, together with Leonard Green &
Partners, L.P. (“LGP”) in a going private transaction. Under the
terms of the offer, the Company’s shareholders will receive $19.09
per share in cash for each share of the Company's common stock held
in a transaction valued at approximately $1.34 billion.
The investigation is focused on the potential unfairness of the
consideration to the Company’s shareholders, the process by which
the Board of Directors considered the transaction, and potential
conflicts of interests among the Company’s Board members. In
particular, according to Yahoo! Finance, at least one analyst has
set a target price of $22.00 for the Company’s shares.
If you are interested in discussing your rights as a shareholder
of the Company, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
Prior results do not guarantee similar outcomes.
99C Only Stores (NYSE:NDN)
Historical Stock Chart
From Jun 2024 to Jul 2024
99C Only Stores (NYSE:NDN)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about 99 Cents Only Stores Common Stock (New York Stock Exchange): 0 recent articles
More Finkelstein Thompson LLP News Articles