Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Sport Supply Group, Inc. - RBI
16 March 2010 - 4:50AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Sport Supply Group, Inc. (“Sport Supply” or the “Company”)
(NasdaqGM: RBI) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to an affiliate of ONCAP Management Partners, L.P.
(“ONCAP"). Under the terms of the proposed transaction, Sport
Supply shareholders will receive $13.55 in cash for each share of
Sport Supply they own.
The investigation concerns whether the Sport Supply Board of
Directors breached their fiduciary duties to Sport Supply
stockholders by failing to adequately shop the Company before
entering into this transaction and whether ONCAP is underpaying for
Sport Supply shares, thus unlawfully harming Sport Supply
stockholders. In particular, Sport Supply shares traded as high as
$13.99 per share as recently as March 12, 2010 and at least one
analyst has set a price target for Sport Supply stock at $16.00 per
share.
If you own common stock in Sport Supply and wish to obtain
additional information, please contact us at the number listed
below or visit http://www.zlk.com/rbi1.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
Sport Supply Grp. Del (MM) (NASDAQ:RBI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sport Supply Grp. Del (MM) (NASDAQ:RBI)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Sport Supply Grp. Del (MM) (NASDAQ): 0 recent articles
More Levi & Korsinsky, LLP News Articles