Law Firm Brower Piven Announces Investigation Of Harris Teeter Supermarkets, Inc. Proposed Buyout

The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Harris Teeter Supermarkets, Inc. (“Harris Teeter” or the “Company”) (NYSE: HTSI) and other violations of state law by the board of directors of Harris Teeter relating to the proposed buyout of the Company by The Kroger Co. The firm’s investigation seeks to determine, among other things, whether the board of directors of Harris Teeter breached their fiduciary duties by failing to maximize shareholder value.

According to the press release announcing the proposed buyout, Harris Teeter shareholders will receive $49.38 per share in cash for each share of Harris Teeter common stock they own.

If you currently own common stock of Harris Teeter and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Copyright Business Wire 2010

If you liked this article you might like

Jana Nominates Former Kellogg Executive for Whole Foods Board

Jana Nominates Former Kellogg Executive for Whole Foods Board

Why Kroger (KR) Stock Is Higher This Morning

Why Kroger (KR) Stock Is Higher This Morning

Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: GUT, JRI, MVF, NRK, HTSI

Dividend Watch: 5 Stocks Going Ex-Dividend Tomorrow: GUT, JRI, MVF, NRK, HTSI

Insider Trading Alert - HTSI, GTI, CTCT, WAC And MNRO Traded By Insiders

Insider Trading Alert - HTSI, GTI, CTCT, WAC And MNRO Traded By Insiders

Cramer's 'Mad Money' Recap: Hot Stocks, Hot Market

Cramer's 'Mad Money' Recap: Hot Stocks, Hot Market