Nash Finch Company (NAFC) Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by The Young Law Firm related to the proposed acquisition of the Company by Spartan Stores, Inc. The transaction is valued at a fixed ratio of 1.2 shares of Spartan Stores common stock for each share of Nash Finch common stock they own. It is anticipated that upon closing of the proposed transaction Spartan shareholders will own approximately 57.7% of the new combined company while Nash Finch shareholders will own approximately 42.3%. The Investigation concerns whether this is an unfair price. Acquisition, Buyout, Takeover, Class Action Merger Potential Shareholder Lawsuit.
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This investigation concerns whether the Board of Directors of Nash Finch Company breached their fiduciary duties by failing to maximize value to shareholders in the sale of the Company including whether the Board failed to adequately shop the Company before agreeing to enter into the proposed sale and whether the Company has disclosed all material information to shareholders about the transaction.
Phoenixville PA — The Young Law Firm, a leading national shareholder litigation firm, is investigating possible claims concerning the proposed acquisition of Nash Finch Company by Spartan Stores, Inc. The investigation concerns whether the directors of Nash Finch have obtained fair value for the sale of the Company and have fulfilled their fiduciary duties to the Company’s shareholders in connection with the proposed sale.
Pursuant to the terms of the proposed transaction, shareholders of Nash Finch Company (Nasdaq: NAFC) will receive a fixed ratio of 1.2 shares of Spartan Stores common stock for each share of Nash Finch common stock they own. It is anticipated that upon closing of the proposed transaction Spartan shareholders will own approximately 57.7% of the new combined company while Nash Finch shareholders will own approximately 42.3%.
Individual shareholders have rights. The Young Law Firm is seeking active and engaged shareholders interested in ensuring that their rights are being protected. If you own shares of the Company and would like to learn more about the buyout of Nash Finch, please contact:
Henry Young Esq.
The Young Law Firm
Toll Free: (888) 452-7252
or visit: www.mergersbuyoutsandfraud.com/nash-finch-buyout-merger-shareholder-lawsuit/
Henry Young Esq., the Firm’s founder, has over 10 years of experience litigating complex shareholder class action lawsuits, including cases resulting in the recovery of millions of dollars for shareholders. The Firm routinely works with and refers cases to other leading law firms around the country to enforce shareholder rights. For more information about the Firm and class action cases in general, please visit our website: www.theyounglf.com.
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