Harwood Feffer LLP Announces Investigation of Warnaco Group, Inc.
NEW YORK, Nov. 1, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Warnaco Group, Inc. ("Warnaco" or the "Company") (NYSE: WRC) concerning the proposed acquisition of the Company by PVH Corp. ("PVH") in a transaction valued at approximately $2.9 billion.
On October 31, 2012, it was announced that Warnaco and PVH have entered into a definitive agreement pursuant to which PVH will acquire Warnaco. Under the terms of the transaction, Warnaco shareholders will receive $51.75 in cash and 0.1822 of a share of PVH common stock for each share of Warnaco stock owned, a value of approximately $67 per share.
Our investigation concerns whether the Warnaco board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Warnaco 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:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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.
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SOURCE Harwood Feffer LLP