An investigation on behalf of investors of Belk Inc (OTCMKTS:BLKIA) in connection with the proposed takeover was announced and OTCMKTS:BLKIA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 09/16/2015 --An investigation for investors, who currently hold OTCMKTS:BLKIA shares is ongoing concerning whether the takeover of Belk Inc by investment funds managed by Sycamore Partners is unfair.

On August 24, 2015 Belk Inc (OTCMKTS:BLKIA) announced that it has entered into a merger agreement whereby investment funds managed by New York-based private equity firm Sycamore Partners will acquire 100% of Belk Inc in a transaction with an estimated enterprise value at closing of approximately $3.0 billion.

Investors who purchased shares of Belk Inc (OTCMKTS:BLKIA) and currently hold any of those OTCMKTS:BLKIA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Belk Inc breached their fiduciary duties owed to OTCMKTS:BLKIA investors in connection with the proposed acquisition.

Under the terms of the merger agreement, all Belk stockholders will receive $68.00per share in cash for each share of Belk Inc (OTCMKTS:BLKIA) common stock they own.

However, the investigation concerns whether the offer is unfair to OTCMKTS:BLKIA stockholders. More specifically, the investigation concerns whether the Belk 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 OTCMKTS:BLKIA shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com