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Compliance December 28, 2011
Law Firm Investigating Sale of Winn-Dixie Stores
Bull & Lifshitz, LLP, is investigating possible breaches of fiduciary duty in connection with the proposed sale of Winn-Dixie Stores, Inc. to BI-LO, LLC.
Reported by PLANSPONSOR staff
Under the terms of the definitive agreement, BI-LO will acquire all of the outstanding shares of Winn-Dixie stock in the merger. Winn-Dixie shareholders will receive $9.50 in cash per share of Winn-Dixie common stock.
Bull & Lifshitz, LLP’s, investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.
Bull & Lifshitz, LLP is a New York City-based law firm that often represents investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. Shareholders that would like more information about the investigation can contact Peter D. Bull, Esq., at (866) 313-6222 or counsel@nyclasslaw.com.