Harry & David Holdings, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by 1-800-FLOWERS.COM, Inc.
September 2, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Harry & David Holdings, Inc. (“Harry & David” or the “Company”) (Other OTC: HARR) breached its fiduciary duty to its shareholders in agreeing to sell Harry & David to 1‑800‑FLOWERS.COM, Inc.
Under the terms of the agreement, 1‑800‑FLOWERS.COM, Inc. will acquire Harry & David for $142.5 million in cash. The investigation is focused on the potential unfairness of the price to Harry & David shareholders and the process by which the Harry & David Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last twelve years.