Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Nash-Finch Company Ove
Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Nash-Finch Company Over the Proposed Sale of the Company to Spartan Stores, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors ofNash-Finch Company
NEW YORK--(BUSINESS WIRE)-- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Nash-Finch Company ("Nash-Finch" or the "Company") (NasdaqGS: NAFC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Spartan Stores, Inc. ("Spartan")(NasdaqGS: SPTN) in a deal valued at approximately $1.3 billion, including the assumption of debt. Under the terms of the proposed transaction, Nash-Finch's stockholders will receive 1.2 shares of Spartan common stock, or $25.44 based on Spartan's July 19, 2013 closing price, for each share of Nash-Finch common stock they own.
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The investigation focuses on whether Nash-Finch's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Nash-Finch's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.
If you own common stock in Nash-Finch and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/NAFC or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Attn: Juan E. Monteverde, Esq.
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