NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased or otherwise acquired Belk Inc. stock prior to August 24, 2015.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Belk Inc. (OTC MKTS:BLKIA) to Sycamore Partners for $68.00 per share in cash. Certain shareholders representing a majority of Belk shares have already agreed to tender their shares in the transaction. According to the terms of the deal, CEO Tim Belk will remain in his position with the post-merger entity. To learn more about the investigation and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.