Belk Inc. Cl B (BLKIB) 67.6700 $BLKIB Morgan & Morgan

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Belk Inc. Cl B (BLKIB) 67.6700 $BLKIB

Morgan & Morgan Announces the Investigation of Belk, Inc. (BLKIA, BLKIB)
PR Newswire - Wed Sep 02, 2:43PM CDT
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.

WeissLaw LLP: Belk, Inc. Acquisition By Sycamore Partners May Not Be In The Best Interest Of BELK Shareholders (BLKIA: Class A, BLKIB: Class B)
PR Newswire - Tue Aug 25, 2:44PM CDT
The fairness of the proposed acquisition of Belk, Inc. ("BELK" or the "Company" by Sycamore Partners ("Sycamore" is the subject of an investigation by WeissLaw LLP, a national class action, shareholder rights law firm. The investigation focuses on possible breaches of fiduciary duty and other violations of law by the Board of Directors of BELK for agreeing to sell the Company to Sycamore. On August 24, 2015, the Company announced it had reached a definitive agreement for Sycamore to acquire BELK in a transaction valued at approximately $3.0 billion. Under the terms of the agreement, BELK shareholders will receive $68.00 for each BELK share they own.

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