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Press release from PR Newswire

Ryan & Maniskas, LLP Announces Investigation of Saks Incorporated

Tuesday, July 30, 2013

Ryan & Maniskas, LLP Announces Investigation of Saks Incorporated

11:36 EDT Tuesday, July 30, 2013

WAYNE, Pa., July 30, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/sks) is investigating potential claims against the board of directors of Saks Incorporated ("Saks" or the "Company") (NYSE: SKS) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Hudson's Bay Co. in a transaction valued at $2.9 billion.  

(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO )

Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Saks for not acting in the Company's shareholders' best interests in connection with the sale process.  For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/sks.                

Under the terms of the agreement, public shareholders of Saks will receive $16.00 per share in cash for each share of Saks they own.

If you own shares of Saks would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/sks.  You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com.  For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT:  

Ryan & Maniskas, LLP

Richard A. Maniskas, Esquire

995 Old Eagle School Rd., Suite 311

Wayne, PA 19087

877-316-3218

www.rmclasslaw.com/cases/sks

rmaniskas@rmclasslaw.com

 

SOURCE Ryan & Maniskas, LLP

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