Harris Teeter Shareholder Alert: Briscoe Law Firm And Powers Taylor, LLP Investigate Sale Of Harris Teeter To Kroger

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Harris Teeter Supermarkets, Inc. (“Harris Teeter”) (NYSE: HTSI) to The Kroger Co. for shareholders. Under the terms of the definitive agreement, valued at approximately $2.5 billion, Harris Teeter shareholders will receive only $49.38 for each share of Harris Teeter stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607 or via e-mail at shareholder@powerstaylor.com. There is no cost or fee to you.

The Harris Teeter sale investigation centers on whether Harris Teeter’s shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues Harris Teeter’s stock, and whether Harris Teeter’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Copyright Business Wire 2010

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