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Press release from PR Newswire

Saks Incorporated Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Hudson's Bay Company

Monday, July 29, 2013

Saks Incorporated Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Hudson's Bay Company

09:30 EDT Monday, July 29, 2013

NEW YORK, July 29, 2013 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Saks Incorporated ("Saks" or the "Company") (NYSE: SKS) breached its fiduciary duty to its shareholders in agreeing to sell Saks to Hudson's Bay Company.

(Logo: http://photos.prnewswire.com/prnh/20120202/MM47134LOGO )

Under the terms of the agreement, Saks shareholders will receive $16.00 in cash for each share they own.  The investigation is focused on the potential unfairness of the price to Saks shareholders and the process by which the Saks Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as a Saks stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at:

(877) 779-1414  or  Ottensoser@bernlieb.com.

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients.  It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last ten years.

Bernstein Liebhard LLP  10 East 40th Street  New York, New York 10016  (877) 779-1414  www.bernlieb.com

ATTORNEY ADVERTISING. © 2013 Bernstein Liebhard LLP.  The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.  The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

 

 

 

SOURCE Bernstein Liebhard LLP

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