SHAREHOLDER ALERT: Investors In The Jones Group Inc. Are Encouraged To Contact Wolf Haldenstein

The law firm of Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating the actions of the Board of Directors and senior management of The Jones Group Inc. (“The Jones Group” or the “Company”) (NYSE:JNY) for potential breaches of fiduciary duties in connection with the sale of the Company to affiliates of Sycamore Partners. Under the terms of the merger agreement, affiliates of Sycamore Partners will acquire The Jones Group for $15.00 per share in cash, or a total of approximately $1.2 billion. The transaction is valued at approximately $2.2 billion, including net debt. Upon completion of the transaction, The Jones Group will become a privately held company.

The investigation concerns whether The Jones Group Board of Directors breached their fiduciary duties to stockholders by failing to consider all available strategic alternatives and conduct a sufficient process. The offer represents a mere 6% premium to the Company’s closing stock price on December 19, 2013, and a significant discount to the stock’s closing prices over the past few months, including its high of $17.69 on August 5, 2013. At least one analyst assigned a $17.00 per share price target for the Company, prior to the announcement.

Wolf Haldenstein has represented individual and institutional investors for many years, serving as lead counsel in numerous cases in United States federal and state courts. Please visit the Wolf Haldenstein website ( http://www.whafh.com) for more information about the firm. For further information on this matter please click here.

Please contact us if you are a stockholder of The Jones Group securities who purchased shares before December 19, 2013, and wish to discuss this matter. There is no cost to stockholders.

Gregory M. Nespole, Esq.Wolf Haldenstein Adler Freeman & Herz LLP270 Madison AvenueNew York, New York 10016

Phone Numbers:(800) 575-0735(212) 545-4657

Attorney Advertising

Copyright Business Wire 2010

If you liked this article you might like

Hedge Funds Are Buying 8 Retail Stocks as Consumer Sentiment Holds Steady

Hedge Funds Are Buying 8 Retail Stocks as Consumer Sentiment Holds Steady

Insider Trading Alert - JNY, LMT And CATM Traded By Insiders

Insider Trading Alert - JNY, LMT And CATM Traded By Insiders

Insider Trading Alert - JNY, RJF And TRMB Traded By Insiders

Insider Trading Alert - JNY, RJF And TRMB Traded By Insiders

5 Retail Predictions for 2014

5 Retail Predictions for 2014

Jones Group (JNY) Jumps After $1.2 Billion Acquisition Announcement

Jones Group (JNY) Jumps After $1.2 Billion Acquisition Announcement