Bernstein Liebhard LLP Announces Investigation of Acquisition of Winn-Dixie Stores, Inc.
December 19, 2011
Bernstein Liebhard LLP is investigating whether the Board of Directors of Winn-Dixie Stores, Inc. (“Winn-Dixie” or the “Company”) (NASDAQ: WINN) breached its fiduciary duty to its shareholders in agreeing to sell Winn-Dixie to BI-LO, LLC.
Under the terms of the agreement, Winn-Dixie shareholders will receive $9.50 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Winn-Dixie shareholders and the process by which the Winn-Dixie Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Winn-Dixie shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard 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 nine years.