Finkelstein Thompson LLP Announces Investigation of Saks, Inc. Buyout

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Finkelstein Thompson LLP Announces Investigation of Saks, Inc. Buyout

WASHINGTON--(BUSINESS WIRE)-- The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Saks, Inc. (NYS: SKS) ("Saks" or "the Company"), concerning the Company's proposed acquisition by Hudson's Bay Company (TSX: HBC) ("HBC"). Under the terms of the merger agreement, Saks shareholders will receive $16.00 in cash for each share of Saks common stock they own, in a deal valued at approximately $2.4 billion. At least one analyst has set a target price of $18.50 for Saks' shares.

The investigation is focused on the potential unfairness of the consideration to shareholders, the process by which Saks' Board of Directors considered the transaction, and potential conflicts of interest among the Company's Board members.


If you are interested in discussing your rights as a Saks shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (202)-337-8000 or by email at contact@finkelsteinthompson.com.

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our website at www.finkelsteinthompson.com. Attorney advising. Prior results do not guarantee similar outcomes.



Finkelstein Thompson LLP
Rosalee B.C. Thomas
877-337-1050

KEYWORDS:   United States  North America  District of Columbia

INDUSTRY KEYWORDS:

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