SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Nash-Finch Com...
30 July 2013 - 2:17AM
Marketwired
Levi & Korsinsky notifies investors of Nash-Finch Company
("Nash-Finch" or the "Company") (NASDAQ: NAFC) of claims of
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Spartan Stores, Inc.
("Spartan") (NASDAQ: SPTN). A complaint was filed in Minnesota
state court.
Click here to learn more about the case http://zlk.9nl.com/nash-finch-nafc/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Nash-Finch shareholders will
receive 1.20 shares of Spartan common stock for each share of
Nash-Finch stock they own. Based on prior closing prices, the
proposed transaction implies a value of $25.44 per share for NAFC
stock and a total approximate value of $1.3 billion, including the
assumption of debt. The claims concern whether the Nash-Finch Board
of Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the transaction, and whether Spartan is underpaying for
Nash-Finch, thus unlawfully harming Nash-Finch shareholders.
If you own common stock in Nash-Finch and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit http://zlk.9nl.com/nash-finch-nafc/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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