We Give Shareholders a Voice
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Sears Hometown and Outlet Stores, Inc. (“Sears Hometown” or the “Company”) (NASDAQCM: SHOS) to Transform Holdco LLC (“Transform”). Under the terms of the deal, Transform will acquire the outstanding shares of Sears Hometown not owned by ESL Investments, Inc. and its affiliates for a price of $2.25 per share in cash, subject to an upward adjustment in the event a sale of Sears Hometown’s Outlet Segment has occurred that satisfies criteria specified in the merger agreement.
The Sears Hometown merger investigation concerns whether the Board of Sears Hometown breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Transform is underpaying for Sears Hometown shares, thus unlawfully harming Sears Hometown shareholders.
To receive more information, please fill out the form.