Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of A.C. Moore Arts & Crafts, Inc. (“AC Moore” or the “Company”) (Nasdaq – ACMR) relating to the proposed acquisition by an affiliate of Sbar’s Inc. Under the terms of the proposed transaction AC Moore shareholders would receive $1.60 in cash for each share of AC Moore stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of AC Moore for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as the $1.60 share price represents 44% less than the Company’s stock traded at on February 15, 2011, the date the Company announced it might be for sale. AC Moore stock traded at $3.40 as recently as March 21, 2011 and traded at $1.99 on August 1, 2011. Further, an analyst has set a price target of $3.00 per ACMR share. If you own shares of AC Moore stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, visiting http://brodsky-smith.com/336-acmr-ac-moore-arts--crafts-inc.html, or by calling toll free 877-LEGAL-90.
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