|[December 19, 2013]
SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Announces Investigation of THE JONES GROUP INC. and Its Board of Directors in Connection with the Sale of the Company to Sycamore Partners
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of The Jones
Group Inc. ("The Jones Group" or "the Company") (NYSE:JNY) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Sycamore Partners.
Click here to learn more about the action http://zlk.9nl.com/JNY-The-Jones-Group,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, The Jones Group shareholders will
receive $15.00 in cash fo each share they own for a total a transaction
value of approximately $2.2 billion, including net debt. The
investigation concerns whether the Company's Board of Directors breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Sycamore Partners is underpaying for The Jones Group shares. In
particular, at least one analyst set a price target for JNY stock at
$18.00 per share.
If you own The Jones Group common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/JNY-The-Jones-Group.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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