SYS-CON MEDIA Authors: Lori MacVittie, RealWire News Distribution, Cynthia Dunlop, Mark O'Neill, Kevin Benedict

News Feed Item

Investor Alert - Buyout Of The Jones Group - Shareholder Rights Law Firm Seeks Higher Price

NEW YORK, Dec. 20, 2013 /PRNewswire/ -- Tripp Levy PLLC, a leading securities and shareholder rights law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duty by the Board of Directors of The Jones Group ("Jones Group" or the "Company") (NYSE:  JNY) concerning the proposed buyout of the Company by Sycamore Partners ("Sycamore") in an all-cash transaction.  Under the terms of the proposed transaction, the Company's shareholders will receive $15.00 per share.

The investigation seeks to determine, among other things, whether the Company's Directors breached their fiduciary duties by failing to maximize shareholder value and by which the Company's Directors considered and approved the transaction.  The investigation further seeks to determine wither the board acted for their own self-interests.  Indeed analysts have projected that the true going forward inherent value of the Company is at least $18 per share.  Further, the stock traded as high as $17.78 per share recently and the book value alone of the Company is worth $14 per share.

If you are a shareholder of Jones Group and would like additional information regarding this matter, at no cost or expense, please contact us at:

Tripp Levy PLLC
New York, New York
Toll free: 1-877-772-3975
Email: contact@tripplevy.com
www.tripplevy.com

Tripp Levy PLLC is a leading securities and shareholder rights law firm that has extensive experience in mergers and takeovers, and has assisted in the recovery of millions of dollars for shareholders around the globe.  Attorney advertising.  Prior results do not indicate a similar outcome.

SOURCE Tripp Levy PLLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.