Winn-Dixie Stores
Symbol:
WINN
Class Period:
Status:
Investigating
Documents:
Pomerantz is investigating claims on behalf of investors of Winn-Dixie Stores, Inc. (“Winn-Dixie” or the “Company”) (NASDAQ:WINN) concerning the proposed acquisition of Winn-Dixie by BI-LO, LLC (“BI-LO”) in a cash transaction valued at approximately $560 million.
The investigation concerns whether the Winn-Dixie directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, the Price to EBITDA multiple that BI-LO would be paying for Winn-Dixie is below that of comparable transactions.
Winn-Dixie shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner [at] pomlaw [dot] com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at rrboyle [at] pomlaw [dot] com or 212-661-1100 or 888-476-6529, ext. 237.
