WILMINGTON, Del., Aug. 25, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Belk, Inc. (OTC PINK: BLKIA)?
- Did you purchase any of your shares prior to August 24, 2015?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Belk, Inc. ("Belk" or the "Company") (OTC PINK: BLKIA) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Sycamore Partners ("Sycamore"), in a transaction valued at approximately $3.0 billion.
Click here to learn more: http://rigrodskylong.com/investigations/belk-inc-blkia.
Under the terms of the agreement, shareholders of Belk will receive $68.00 per share in cash for each share of Belk they own.
The investigation concerns whether Belk's board of directors failed to adequately shop the Company and obtain the best possible value for Belk's shareholders before entering into an agreement with Sycamore.
If you own the common stock of Belk and purchased your shares before August 24, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://rigrodskylong.com/investigations/belk-inc-blkia.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Rigrodsky & Long, P.A.