Rigrodsky & Long, P.A. Investigates 99 Cents Only
Stores Going Private Proposal - NDN
March 11, 2011 12:15 PM Eastern Time
WILMINGTON, Del.--(EON: Enhanced Online News)--Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of 99 Cents Only Stores (“99 Cents” or the “Company”) (NYSE:
NDN) concerning the Company’s receipt of a proposal from members of the Schiffer/Gold Family, together with
Leonard Green & Partners, L.P. (“LGP”), to acquire the Company in a “going private” transaction for $19.09 per
share in cash (the “Proposal”). Click here to learn how to join the action:
The investigation concerns whether 99 Cents’ board of directors is adequately shopping the Company and working
to obtain the best price possible for 99 Cents shareholders. The Proposal contemplates the acquisition of all of the
outstanding shares of common stock of 99 Cents for $19.09 per share in cash. However, according to Yahoo!
Finance, at least one analyst has set a target price of $22.00 per share for 99 Cents stock. The Schiffer/Gold family
already owns approximately 33% of the Company’s outstanding common stock, and the Proposal letter states that
they are prepared to contribute a substantial portion of their existing Company stock ownership as part of the
If you own the common stock of 99 Cents and purchased your shares before March 11, 2011, if you have
information or would like to learn more about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth
D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N.
Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation,
including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and
federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R. Wortman, Case Development Director