MILWAUKEE, Sept. 28, 2023 /PRNewswire/ — Ademi LLP is investigating Chico’s (NYSE: CHS) for possible breaches of fiduciary duty and other violations of law in its transaction with Sycamore.
Click here to learn how to join the action https://www.ademilaw.com/case/chicos-fas-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Chico’s stockholders are expected to receive only $7.60 per share. The transaction agreement unreasonably limits competing transactions for Chico’s by imposing a significant penalty if Chico’s accepts a competing bid. Chico’s insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Chico’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Chico’s common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/chicos-fas-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Guri Ademi
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SOURCE Ademi LLP