Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Nash-Finch Company Over the Proposed Sale of th...
July 30 2013 - 9:00AM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Nash-Finch Company
(“Nash-Finch” or the “Company”) (NasdaqGS: NAFC) for potential
breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Spartan Stores, Inc.
(“Spartan”)(NasdaqGS: SPTN) in a deal valued at approximately $1.3
billion, including the assumption of debt. Under the terms of the
proposed transaction, Nash-Finch’s stockholders will receive 1.2
shares of Spartan common stock, or $25.44 based on Spartan’s July
19, 2013 closing price, for each share of Nash-Finch common stock
they own.
Request more information now by clicking here:
www.faruqilaw.com/NAFC. There is no cost or
obligation to you.
The investigation focuses on whether Nash-Finch’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Nash-Finch’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Nash-Finch and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/NAFC or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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