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.
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.
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.
If you own common stock in Nash-Finch and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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