SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Sports Chalet, Inc. in Connection with the Sale of the Com...
10 Julio 2014 - 11:53AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Sports Chalet, Inc. (“Sports Chalet” or the “Company”) (Nasdaq:
SPCHA, SPCHB) relating to the proposed acquisition by Vestis Retail
Group, LLC (“Vestis”).
Click here to learn more about the investigation
http://brodsky-smith.com/782-spcha-spchb-sports-chalet-inc.html, or
call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Sports Chalet shareholders
will receive only $1.20 in cash for each share of Sports Chalet
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Sports Chalet for not acting in the Company’s
shareholders' best interests in connection with the sale process.
The transaction may undervalue Sports Chalet and represents a loss
or no real gain for many long term Sports Chalet shareholders. For
example, on May 14, 2013, SPCHA traded at $2.22 per share and SPCHB
traded at $2.18 per share. In addition, even an analyst’s extremely
low price target of a $1.25 per share is above the price being paid
by Vestis.
If you own shares of Sports Chalet Class A or Class B stock and
wish to discuss the legal ramifications of the investigation, or
have any questions, you may e-mail or call the law office of
Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/782-spcha-spchb-sports-chalet-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/782-spcha-spchb-sports-chalet-inc.html
Sport Chalet (NASDAQ:SPCHB)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Sport Chalet (NASDAQ:SPCHB)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024