DALLAS, Aug. 24, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group, led by a former federal judge and former US Attorney, announces a shareholder investigation on behalf of Charlotte Russe Holdings (Nasdaq:CHIC).
The investigation focuses on whether the Board of Directors used a fair process to take the company private by Advent International. The private-equity company has offered current shareholders $17.50 per share under a tender offer plan for a total transaction value of $380 million. The tender offer is expected to begin no later than August 31 and expire 20 days later. Charlotte Russe, a San Diego-based company, had sales of $823.3 million for the year ended Sept. 27 through its 501-store chain. CHIC stock has surged over 180% in 2009.
Kendall Law Group has nationwide experience representing investors in mergers and acquisitions. For information about your rights as a Charlotte Russe shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.