NEW YORK, Nov. 11, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Roundy's, Inc. ("Roundy's" or the "Company") (NYSE: RNDY) concerning the proposed acquisition of the Company by Kroger Co. ("Kroger").
Under the terms of the offer, Kroger would acquire Roundy's in a transaction valued at approximately $800 million. Pursuant to the deal, Roundy's stockholders would receive $3.60 in cash per share. According to Yahoo Finance, at least one analyst has set a target price of $5 per share for Roundy's stock.
Our investigation concerns whether the Roundy's 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 Roundy's 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
Email: [email protected]
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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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