NEW YORK, July 22, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Nash Finch Company ("Nash Finch" or the "Company") (NASDAQ: NAFC) (ISIN: US6311581028) (CUSIP: 631158102) concerning the proposed acquisition of Nash Finch by Spartan Stores, Inc. in a transaction valued at $1.3 billion, including existing net debt at each company.
The investigation concerns whether the Nash Finch directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Nash Finch shareholders will be entitled to receive a fixed ratio of 1.20 shares of Spartan Stores common stock for each share of Nash Finch common stock owned, valuing Nash Finch at $25.44 per share based on Spartan Stores' closing price prior to the announcement of the proposed acquisition. However, Nash Finch common stock traded as high as $25.59 per share on July 19, 2013.
Nash Finch shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders for the following companies: Hilltop Community Bancorp, Inc., Dole Food Company, Inc., and Cooper Tire & Rubber Company.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
212-661-1100 ext. 237
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP