NEW YORK, Aug. 24, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Belk Inc. ("Belk" or the "Company") (OTC: BLKIA) concerning the proposed acquisition of the Company by Sycamore Partners ("Sycamore").
Under the terms of the offer, Sycamore would acquire Belk in a transaction valued at approximately $3 billion. Pursuant to the deal, Belk stockholders would receive $68.00 in cash per share.
Our investigation concerns whether the Belk 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 stockholders.
If you own Belk 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 I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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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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