Rigrodsky & Long, P.A. Announces Investigation Of Nash-Finch Company Buyout

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Rigrodsky & Long, P.A. Announces Investigation Of Nash-Finch Company Buyout

WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:

  • Do you own shares of Nash-Finch Company (NASDAQ GS: NAFC )?
  • Did you purchase any of your shares prior to July 22, 2013?
  • Do you think the proposed buyout value is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Nash-Finch Company ("Nash-Finch" or the "Company") (NASDAQ GS: NAFC) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Spartan Stores, Inc. ("Spartan") (NASDAQ GS: SPTN) in a transaction valued at approximately $1.3 billion, including the assumption of debt.

Click here to learn more: http://www.rigrodskylong.com/investigations/nash-finch-company-nafc.

Under the terms of the agreement, public shareholders of Nash-Finch will receive 1.20 shares of Spartan for each share of Nash-Finch they own. Based on Spartan's closing price prior to the announcement of the proposed transaction, Nash-Finch shareholders would have received consideration valued at approximately $25.44 per share.

The investigation concerns whether Nash-Finch's board of directors failed to adequately shop the Company and obtain the best possible value for Nash-Finch's shareholders before entering into an agreement with Spartan.

If you own the common stock of Nash-Finch and purchased your shares before July 22, 2013, 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 Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/nash-finch-company-nafc.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Rigrodsky & Long, P.A.
Seth Rigrodsky
Peter Allocco
Fax: 302-654-7530

KEYWORDS:   United States  North America  Delaware  New York


The article Rigrodsky & Long, P.A. Announces Investigation Of Nash-Finch Company Buyout originally appeared on Fool.com.

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