INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Sport Chalet, Inc. (SPCHA) (SPCHB) Over the Proposed Sale of the Company to Vestis Retail Group, LLC.
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 Sport Chalet, Inc. (“Sport Chalet” or the “Company”) (NasdaqGM: SPCHA) (NasdaqGM: SPCHB) for potential breaches of fiduciary duties in connection with the sale of the Company to Vestis Retail Group. The Company’s stockholders will receive $1.20 for each Class A and Class B share of Sport Chalet they own. However, the price could be reduced to $1.04 per share if certain terms of the Tender Offer are not met..
The investigation focuses on whether Sport Chalet’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Sport Chalet’s shareholders.
If you own common stock in Sport Chalet and wish to obtain additional information and protect your investments free of charge, please 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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Tel: (212) 983-9330
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