NEW YORK, Aug. 2, 2013 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of ALCO Stores, Inc. (ALCS) regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Argonne Capital Group LLC.
Under the terms of the transaction, ALCO shareholders will receive $14 in cash for each share of ALCO stock they own. The transaction has a total approximate value of $47 million. The investigation concerns whether the ALCO Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company obtain the best possible value for ALCO shareholders.
If you own common stock in ALCO and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/ALCS.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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