Bull & Lifshitz LLP announced an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Winn-Dixie Stores Inc. (WINN) to BI-LO LLC. Pursuant to the definitive agreement, BI-LO would acquire all of the outstanding shares of Winn-Dixie stock in the merger. Winn-Dixie shareholders would receive $9.50 in cash per share of Winn-Dixie common stock.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the company's shareholders.
In addition, Bull & Lifshitz announced an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Morton's Restaurants Group, Inc. (MRT) to Tilman J. Fertitta through his wholly-owned company, Fertitta's Morton's Restaurants, Inc. and its unit Fertitta Morton's Acquisition, Inc. As per the deal, Morton's stockholders would receive $6.90 for every Morton's stock owned. Fertitta would buy Morton's through an all-cash tender and merger. The tender offer would commence no later than 10 business days from December 16, 2011.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.