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Harwood Feffer LLP (
www.hfesq.com) is investigating potential claims against the board of directors of Winn-Dixie Stores, Inc. (“Winn-Dixie” or the “Company”) (NASDAQ: WINN) concerning the proposed acquisition of the Company by BI-LO, LLC (“BI-LO”) in a transaction with a value of approximately $560 million.
On December 19, 2011, Winn-Dixie announced that it had entered into a definitive merger agreement pursuant to which the Company will be acquired by BI-LO. Under the terms of the agreement, Winn-Dixie shareholders will receive $9.50 per share in cash. Winn-Dixie stock has closed as high as $9.81 per share as recently as July 20, 2011 and at least one analyst has set a target price for the stock of $11.00 per share.
Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of Winn-Dixie, disclosing all material benefits and costs and obtaining full and fair consideration for Winn-Dixie shareholders.
If you own Winn-Dixie shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact: