Buyout of 99 Cents Only Stores Prompts Shareholder Claims Investigation by Goldfarb Branham Law Firm LLP
18 March 2011 - 9:45AM
Business Wire
Goldfarb Branham LLP is investigating whether the board of 99
Cents Only Stores (NYSE: NDN) violated shareholder protection laws
in connection with the proposed acquisition by the Schiffer Gold
Family and Leonard Green and Partners for $19.09 per share. If you
are 99 Cents Only shareholder or have information about this
buyout, contact the Hamilton Lindley at 877-583-2855 or by email at
hlindley@goldfarbbranham.com.
“This offer appears to undervalue the company because it is only
a 14 percent premium and at least one analyst has set a target
price of $22.00 per share,” said securities lawyer Hamilton
Lindley. “Our proposed class action lawsuit seeks to ensure that
the directors properly shopped the company, maximized value to the
shareholders and disclosed full and fair information about the
transaction.”
Goldfarb Branham’s lawyers have significant experience
representing individual and institutional investors in over 100
shareholder class action cases. A firm securities lawyer, Hamilton
Lindley, can be reached at hlindley@goldfarbbranham.com or
877-583-2855 to discuss the impact of this buyout on 99 Cents Only
Stores shareholders.
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