Nash Finch Co. Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of Na
Nash Finch Co. Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of Nash Finch to Spartan Stores
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Nash Finch Co. ("Nash Finch") (NasdaqGS: NAFC) to Spartan Stores, Inc. for shareholders. Under the terms of the all stock-for-stock merger agreement, Nash Finch shareholders will receive a fixed ration of only 1.20 shares of Spartan Stores stock for each share of Nash Finch stock owned. The transaction is valued at approximately $1.3 billion.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607 or via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
The Nash Finch sale investigation centers on whether Nash Finch's shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction properly values Nash Finch stock, and whether Nash Finch's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Based on Spartan Stores' closing price prior to the announcement, the acquisition price represents a value of only $25.44 per share to Nash Finch shareholders. However, Nash Finch/NAFC shares closed above $25.00 per share as recently as mid-July 2013. "Because the acquisition price does not represent a substantial premium to the shareholders, we do not believe that the acquisition price is fair for Nash Finch shareholders," said shareholder rights attorney Willie Briscoe.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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