Morgan & Morgan Announces the Investigation of Harris Teeter Supermarkets Inc. in Connection with the Sale of the Company to The Kroger Co.
NEW YORK, July 9, 2013 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential legal claims against the board of directors of Harris Teeter Supermarkets Inc. ("Harris Teeter" or the "Company") (NYSE: HTSI) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by The Kroger Co. (NYSE: KR) in a transaction valued at approximately $2.5 billion.
If you purchased Harris Teeter and want more information about the Harris Teeter acquisition investigation, please contact George Pressly, Esq. at 1(800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.
Under the terms of the proposal, public shareholders of Harris Teeter will receive $49.38 per share in cash for each share of Harris Teeter they own.
Morgan & Morgan's investigation concerns whether Harris Teeter's Board of Directors breached its fiduciary duties to act in the best interests of Harris Teeter shareholders and to take all necessary steps to ensure that Harris Teeter shareholders receive the maximum value readily available for their shares of Harris Teeter common stock.
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
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SOURCE Morgan & Morgan