Finkelstein Thompson LLP Announces Investigation of Harris Teeter Supermarkets, Inc. Proposed Buyout
Finkelstein Thompson LLP Announces Investigation of Harris Teeter Supermarkets, Inc. Proposed Buyout
WASHINGTON--(BUSINESS WIRE)-- The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Harris Teeter Supermarkets, Inc. (NYS: HTSI) ("Harris Teeter" or "the Company"), concerning the Company's proposed acquisition by The Kroger Co. (NYS: KR) ("Kroger"). Under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 in cash for each share of Harris Teeter common stock they own, in a deal valued at approximately $2.4 billion. The price is a premium of 1.75% over the closing price of HTSI stock on July 8, 2013.
The investigation is focused on the potential unfairness of the consideration to shareholders, the process by which Harris Teeter's 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 Harris Teeter 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
L. Kendall Satterfield
877-337-1050
KEYWORDS: United States North America District of Columbia North Carolina
INDUSTRY KEYWORDS:
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