Faruqi & Faruqi, LLP is Investigating the Acquisition of LaCrosse Footwear Inc. (BOOT)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of LaCrosse Footwear Inc. (“LaCrosse” or the “Company”) (NASDAQ: BOOT) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to ABC-MART, INC. in an all-cash deal valued at approximately $143.58 million. Under the terms of the proposed transaction, LaCrosse stockholders will receive $20 in cash for each share of LaCrosse they own.
Whether LaCrosse’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 the proposed transaction undervalues LaCrosse’s shares and by how much this proposed transaction undervalues the Company to the detriment of LaCrosse’s shareholders are the key focus of this investigation.
If you own common stock in LaCrosse and wish to obtain additional information and protect your investments free of charge, 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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New York, NY 10017
Tel: (212) 983-9330
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