1. Foot Locker, Inc. is under investigation for sale to DICK'S Sporting Goods. 2. Shareholders can select $24 cash or stock equivalent per share. 3. Halper Sadeh LLC may seek increased benefits for Foot Locker shareholders. 4. Concerns over potential violations of federal securities laws exist. 5. The investigation focuses on fiduciary duty breaches to shareholders.
The investigation may trigger uncertainty and reduce investor confidence in FL, similar to other poorly managed acquisitions where fiduciary concerns led to stock declines.
The investigation may significantly affect shareholder sentiment and FL's market performance in the short-term.
Investors typically react quickly to legal investigations; short-term stock price fluctuations are expected until clarity is achieved.
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
's sale to DICK'S Sporting Goods, Inc. Under the terms of the proposed transaction, Foot Locker shareholders can elect to receive either (i) $24.00 in cash or (ii) 0.1168 shares of DICK'S common stock for each share of Foot Locker common stock. If you are a Foot Locker shareholder, click here to learn more about your rights and options.
's sale to MDaudit for $5.34 per share in cash. If you are a Streamline shareholder, click here to learn more about your rights and options.
's sale to Blackstone for $61.25 per share in cash. If you are a TXNM shareholder, click here to learn more about your legal rights and options.
's sale to 365 Retail Markets, LLC for $11.20 per share in cash. If you are a Cantaloupe shareholder, click here to learn more about your rights and options.
Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email info@halpersadeh.com or contact@halpersadeh.com.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
info@halpersadeh.com
contact@halpersadeh.com
https://www.halpersadeh.com
SOURCE Halper Sadeh LLP