BELK SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Belk Inc. (BLKIA) Over the Proposed Sale of the Company to Sycamore Partners

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Belk Inc.

Aug 31, 2015, 10:30 ET from Faruqi & Faruqi, LLP

NEW YORK, Aug. 31, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Belk Inc. ("Belk" or the "Company") (OTC MKTS: BLKIA) for potential breaches of fiduciary duties in connection with the sale of the Company to Sycamore Partners for approximately $3.0 billion in a cash transaction.

The Company's stockholders will only receive $68.00 for each share of Company common stock they own. The offer represents a negligible premium over the Company's opening price per share of $66.75 on August 24, 2015 and the stock is expected to continue climbing due to record online sales.

Click here for more information: www.faruqilaw.com/BLKIA.  There is no cost or obligation to you.

The investigation focuses on whether Belk's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Belk's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation.  The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Belk and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/BLKIA.

Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone:    (212) 983-9330

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