NEW YORK, Aug. 27, 2015 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Belk Inc. (OTC MKTS: BLKIA) ("Belk" or "the Company") in connection with the sale of the Company to Sycamore Partners. Under the terms of the transaction, Belk shareholders will receive $68.00 for each share of Belk stock they own.
Click here to learn about the case: http://docs.wongesq.com/BLKIA-Info-Request-Form-869. There is no cost or obligation to you.
The investigation concerns whether the Board of Belk breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Sycamore Partners is underpaying for Belk shares. According to the terms of the merger, Belk CEO Tim Belk will remain in his position with the post-merger entity.
If you own common stock in Belk and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/BLKIA-Info-Request-Form-869.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE The Law Offices of Vincent Wong