Investigation Into Sale of Jo-Ann Stores, Inc
By: Jody Gill
Updated: December 28, 2010
Ryan & Maniskas, LLP Announces Investigation of Jo-Ann Stores, Inc.
WAYNE, Pa.--(BUSINESS WIRE)--Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/jas) is investigating potential claims against the board of directors of Jo-Ann Stores, Inc. ("Jo-Ann Stores" or the "Company") (NYSE: JAS) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Jo-Ann Stores to an affiliate of Leonard Green & Partners, L.P. in a transaction valued at approximately $1.6 billion.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Jo-Ann Stores. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/jas.
Under the terms of the definitive agreement, Jo-Ann Stores shareholders will receive $61.00 in cash for each share they own of the Company’s common stock.
If you own shares of Jo-Ann Stores and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/jas. You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
WAYNE, Pa.--(BUSINESS WIRE)--Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/jas) is investigating potential claims against the board of directors of Jo-Ann Stores, Inc. ("Jo-Ann Stores" or the "Company") (NYSE: JAS) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Jo-Ann Stores to an affiliate of Leonard Green & Partners, L.P. in a transaction valued at approximately $1.6 billion.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Jo-Ann Stores. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/jas.
Under the terms of the definitive agreement, Jo-Ann Stores shareholders will receive $61.00 in cash for each share they own of the Company’s common stock.
If you own shares of Jo-Ann Stores and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/jas. You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
