Kirby McInerney LLP is investigating potential claims against the Board of Directors of ALCO Stores, Inc. (“ALCO” or the “Company”) (NASDAQ:ALCS) related to the proposed acquisition of the Company by private investment firm Argonne Capital Group LLC (“Argonne”). Under the terms of the transaction, ALCO shareholders will receive $14.00 cash per share of ALCO stock, valuing the transaction at approximately $47 million.
The investigation concerns whether the ALCO Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed consideration adequately values ALCO common shares.
If you are an ALCO shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at email@example.com, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.