Morgan & Morgan Announces the Investigation of Belk, Inc. (BLKIA, BLKIB)

NEW YORK, Sept. 2, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of  investigating the proposed sale of Belk, Inc. ("Belk" or the "Company") (OTC: BLKIA, BLKIB) to Sycamore Partners.

If you own shares of Belk and would like to learn more about the Belk shareholder investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email [email protected].

Under the terms of the transaction, Belk shareholders will receive only $68.00 in cash for each share of  Belk they own. The investigation relates to whether the proposal is fair to the public shareholders and if the Company's Board of Directors breached their fiduciary duties to shareholders.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms.  In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

Attorney advertising.  Prior results do not guarantee a similar outcome.

Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44^th Street
Suite 2001
New York, NY  10036
1-800-732-5200
[email protected]

SOURCE Morgan & Morgan

Related Links

http://www.securitieslawfirm.com

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED