Key Developments: Harris Teeter Supermarkets Inc (HTSI.N)

HTSI.N on New York Stock Exchange

49.19USD
1 Aug 2013
Price Change (% chg)

$0.01 (+0.02%)
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$49.18
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$49.27
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$49.29
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$49.18
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$49.90
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Latest Key Developments (Source: Significant Developments)

Law Office of Brodsky & Smith, LLC Announces Investigation of Harris Teeter Supermarkets Inc
Tuesday, 23 Jul 2013 02:17pm EDT 

Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Harris Teeter Supermarkets Inc (Harris Teeter or the Company) relating to the proposed acquisition by The Kroger Co. Under the terms of the transaction, Harris Teeter shareholders will receive only $49.38 in cash for each share of Harris Teeter stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Harris Teeter for not acting in the Company`s shareholders' best interests in connection with the sale process. The transaction provides only a slight premium above the $48.32 the stock traded at on May 29, 2013 and the $48.44 the stock traded at on June 17, 2013. In addition, the transaction may undervalue the Company as 86% of Harris Teeter`s 208 outlets are in Virginia and North Carolina, which are two of the growing states in the Country.  Full Article

Rigrodsky & Long, P.A. Announces Investigation Of Harris Teeter Supermarkets Inc Buyout
Thursday, 11 Jul 2013 11:29am EDT 

Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Harris Teeter Supermarkets Inc regarding possible breaches of fiduciary duties and other violations of law related to the Company`s entry into an agreement to be acquired by The Kroger Co. (Kroger) in a transaction valued at approximately $2.44 billion. The investigation concerns whether Harris Teeter`s board of directors failed to adequately shop the Company and obtain the best possible value for Harris Teeter`s shareholders before entering into an agreement with Kroger.  Full Article

Lifshitz Law Firm Announces Investigation of Harris Teeter Supermarkets Inc
Wednesday, 10 Jul 2013 07:06pm EDT 

Lifshitz Law Firm announced an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Harris Teeter Supermarkets Inc to The Kroger Co. in a transaction valued at approximately $2.5 billion in cash, which equates to $49.38 per share. Lifshitz Law Firm's investigation is focused on whether the proposed deal provides adequate value to HTSI's shareholders.  Full Article

Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches Investigation of Harris Teeter Supermarkets Inc Over Proposed Sale to The Kroger Co.
Wednesday, 10 Jul 2013 07:00pm EDT 

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of Harris Teeter Supermarkets Inc for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to The Kroger Co. in a deal valued at approximately $2.5 billion. Under the terms of the proposed transaction, Harris Teeter’s stockholders will receive $49.38 in cash for each share of Harris Teeter common stock they own. The investigation focuses on whether Harris Teeter’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Harris Teeter’s shareholders.  Full Article

Ryan & Maniskas, LLP Announces Investigation Of Harris Teeter Supermarkets, Inc.
Wednesday, 10 Jul 2013 10:36am EDT 

Ryan & Maniskas, LLP announced that it is investigating potential claims against the board of directors of Harris Teeter Supermarkets, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to The Kroger Co. in a deal valued at approximately $2.4 billion.  Full Article

Kahn Swick & Foti, LLC Investigates Harris Teeter Supermarkets Inc Following Announcement of Proposed Sale to The Kroger Co
Tuesday, 9 Jul 2013 08:15pm EDT 

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (KSF) announced that KSF has commenced an investigation into the Board of Directors of Harris Teeter Supermarkets Inc in connection with their conduct related to the sale of the Company to The Kroger Co. Under the terms of the proposed transaction, shareholders of Harris Teeter will receive $49.38 in cash for each share of Harris Teeter common stock that they own. KSF`s investigation is focusing on whether Harris Teeter and/or its officers and directors secured sufficient value for the shareholders of the Company, violated their fiduciary duties, and/or violated state or federal securities laws.  Full Article

Law Office of Brodsky & Smith, LLC Announces Investigation Of Harris Teeter Supermarkets Inc
Tuesday, 9 Jul 2013 05:11pm EDT 

Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Harris Teeter Supermarkets Inc (Harris Teeter or the Company) relating to the proposed acquisition by The Kroger Co.  Full Article

Briscoe Law Firm and Powers Taylor, LLP Investigate Sale Of Harris Teeter Supermarkets Inc To Kroger
Tuesday, 9 Jul 2013 02:51pm EDT 

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP announced that they are investigating the sale of Harris Teeter Supermarkets Inc to The Kroger Co. for shareholders. Under the terms of the definitive agreement, valued at approximately $2.5 billion, Harris Teeter shareholders will receive only $49.38 for each share of Harris Teeter stock owned.  Full Article

Finkelstein Thompson LLP Announces Investigation of Harris Teeter Supermarkets Inc Proposed Buyout
Tuesday, 9 Jul 2013 11:56am EDT 

The law firm of Finkelstein Thompson LLP announced that it is investigating potential claims on behalf of shareholders of Harris Teeter Supermarkets Inc (Harris Teeter or the Company), concerning the Company`s proposed acquisition by The Kroger Co. (Kroger). Under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 in cash for each share of Harris Teeter common stock they own, in a deal valued at approximately $2.4 billion. The price is a premium of 1.75% over the closing price of HTSI stock on July 8, 2013. The investigation is focused on the potential unfairness of the consideration to shareholders, the process by which Harris Teeter`s Board of Directors considered the transaction, and potential conflicts of interest among the Company`s Board members.  Full Article

Morgan & Morgan Announces Investigation of Harris Teeter Supermarkets Inc
Tuesday, 9 Jul 2013 11:35am EDT 

Morgan & Morgan announced that it is investigating potential legal claims against the board of directors of Harris Teeter Supermarkets Inc (Harris Teeter or the Company) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by The Kroger Co. in a transaction valued at approximately $2.5 billion. Under the terms of the proposal, public shareholders of Harris Teeter will receive $49.38 per share in cash for each share of Harris Teeter they own. Morgan & Morgan's investigation concerns whether Harris Teeter's Board of Directors breached its fiduciary duties to act in the best interests of Harris Teeter shareholders and to take all necessary steps to ensure that Harris Teeter shareholders receive the maximum value readily available for their shares of Harris Teeter common stock.  Full Article

Photo

Kroger to buy Harris Teeter for $2.5 billion, shares rise

- Kroger Co said on Tuesday it would buy regional grocer Harris Teeter Supermarkets Inc in a $2.5 billion deal, the latest in a string of grocery industry consolidations. | Video

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