NEW YORK, Dec. 20, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of The Jones Group Inc. ("JNY" or the "Company") (NYSE: JNY) (ISIN: US48020T1016) (CUSIP: 48020T101) concerning the proposed acquisition of JNY by Sycamore Partners.
The investigation concerns whether the JNY directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, JNY shareholders will receive $15.00 in cash for each share of JNY common stock. However, the Price to Revenue and Book Value multiples are below the averages of comparable transactions, and the JNY stock closed above the offered price last month.
JNY shareholders seeking more information about this acquisition are advised to contact Ofer Ganot at firstname.lastname@example.org or 212-661-1100, ext. 315.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.CONTACT: Ofer Ganot Pomerantz Grossman Hufford Dahlstrom & Gross LLP212-661-1100 ext. 315 email@example.com SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP