ROUNDY'S SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Roundy's, Inc. (RNDY) Over the Proposed Sale...
17 Novembre 2015 - 6:27PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Roundy's, Inc. (“Roundy's” or the “Company”)
(NYSE:RNDY) for potential breaches of fiduciary duties in
connection with the sale of the Company to The Kroger Co. for
approximately $800 million in a cash transaction.
The Company’s stockholders will only receive $3.60 for each
share of Company common stock they own. However, the offer
represents an inadequate premium compared to the 52-week high of
$6.12.
Click here for more information:
www.faruqilaw.com/RNDY. There is no cost or
obligation to you.
The investigation focuses on whether Roundy's Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of Roundy'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. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Roundy's and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/RNDY 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.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2015 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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version on businesswire.com: http://www.businesswire.com/news/home/20151117006642/en/
Faruqi & Faruqi, LLPJuan E. Monteverde, Esq.(877) 247-4292
or (212) 983-9330jmonteverde@faruqilaw.com
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