SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Roundy’s, Inc.
November 12 2015 - 9:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Roundy’s, Inc. ("Roundy’s” or "the Company") (NYSE: RNDY) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Kroger Co.
(“Kroger”).
Click here to learn more about the investigation
http://brodsky-smith.com/1001-rndy-roundys-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Roundy’s shareholders will
receive only $3.60 in cash for each share of Roundy’s stock they
own. The investigation concerns whether the Board of Roundy’s
breached their fiduciary duties to shareholders and whether Kroger
is underpaying for the Company. The transaction may undervalue
Roundy’s and will result in a loss for many long-term Roundy’s
shareholders. For example, Roundy’s stock traded at $10.11 per
share on January 2, 2014 traded at $5.93 per share as recently as
April 7, 2015. In addition, an analyst has set a $4.00 per share
price target for Roundy’s stock.
If you own shares of Roundy’s stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1001-rndy-roundys-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151112006762/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/1001-rndy-roundys-inc.html