Kirby McInerney LLP is investigating potential claims against the Board of Directors of The Jones Group Inc. (“Jones Group” or the “Company”) (NYSE:JNY) concerning the proposed acquisition of the Company by Sycamore Partners (“Sycamore”). Under the terms of the definitive merger agreement, Jones Group stockholders will receive $15.00 in cash for each share of Jones Group owned, valuing the transaction at approximately $2.2 billion, including net debt.
The investigation concerns whether the Jones Group Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the $15.00 per share proposed consideration adequately values Jones Group’s common stock.
If you are a Jones Group stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
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.