An investigation on behalf of investors of LaCrosse Footwear, Inc. (NASDAQ:BOOT) in connection with the takeover was announced and NASDAQ:BOOT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/10/2012 -- An investigation on behalf of investors in LaCrosse Footwear, Inc. (NASDAQ:BOOT) shares was announced concerning whether the offerby ABC-MART, INC. to acquire LaCrosse Footwear, Inc. at $20 per NASDAQ:BOOT shares and the takeover process are unfair to investors in LaCrosse Footwear shares.
Investors who purchased shares of LaCrosse Footwear, Inc. (NASDAQ:BOOT) prior to July 6, 2012, and currently hold any of those NASDAQ:BOOT shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of LaCrosse Footwear breached their fiduciary duties owed NASDAQ:BOOT investors in connection with the proposed acquisition.
On July 5, 2012, after the market closed, ABC-MART, INC. announced that it has entered into an agreement with LaCrosse Footwear, Inc. (NASDAQ: BOOT) pursuant to which ABC-MART will acquire all outstanding shares of LaCrosse Footwear stock for $20 per share in cash, or approximately $138 million.
However, the investigation for NASDAQ:BOOT investors concerns whether the proposed transaction is unfair LaCrosse Footwear stockholders. Specifically, the investigation focuses on whether the LaCrosse Footwear Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Those who are current investors in LaCrosse Footwear, Inc. (NASDAQ:BOOT) and purchased their LaCrosse Footwear, Inc. shares prior to the announcement, have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego