Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of 99 Cents Only Stores, in Connection with ...
12 March 2011 - 12:15PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of 99
Cents Only Stores (the “Company”) (NYSE:NDN) related to a proposal
from members of the Schiffer/Gold family, together with Leonard
Green & Partners, L.P., to acquire all outstanding shares of
the Company’s stock.
Under the terms of the proposal, 99 Cents Only Stores
shareholders would receive $19.09 in cash for each share they own
of the Company’s stock. The Schiffer/Gold family owns approximately
33% of the Company’s outstanding common stock. The investigation
concerns possible breaches of fiduciary duty and other violations
of law related to consideration of the proposed going-private
transaction by 99 Cents Only Stores’ board of directors.
If you are a shareholder of 99 Cents Only Stores, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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