Bernstein Liebhard LLP Investigates 99 Cents Only Stores Going Private Offer
12 March 2011 - 3:17AM
Business Wire
Bernstein Liebhard LLP is investigating whether the Board of
Directors of 99 Cents Only Stores (“99 Cents Only” or the
“Company”) (NYSE:NDN) is breaching its fiduciary duty to its
shareholders in connection with an offer by members of the
Schiffer/Gold family, together with Leonard Green & Partners,
L.P. ("LGP"), to take the Company private.
Under the terms of the offer, 99 Cents Only shareholders will
receive $19.09 in cash for each share of common stock they own. The
Schiffer/Gold family owns approximately 33% of the Company's
outstanding common stock. The investigation is focused on whether
the Schiffer/Gold family and LGP’s offer undervalues the Company’s
shares.
If you are interested in discussing your rights as a 99 Cents
Only shareholder and/or have information relating to the matter,
please contact U. Seth Ottensoser at (877) 779-1414 or
Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
and shareholder rights cases and recovered almost $3 billion for
its clients. It has been named to The National Law Journal’s
“Plaintiffs’ Hot List” in each of the last eight years.
Bernstein Liebhard LLP10 East 40th StreetNew York, New York
10016(877) 779-1414www.bernlieb.com
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firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
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