Kendall Law Group Investigates 99 Cents Only Stores for Shareholders

Kendall Law Group, led by former federal judge Joe Kendall, is investigating 99 Cents Only Stores (NYSE:NDN) for shareholders in connection to the proposal by the Schiffer-Gold family and Leonard Green & Partners L.P. to take the company private. If you are a NDN shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [e-mail].

On March 11, 2011, 99 Cents Only Stores announced that they have received a bid to take the company private for $1.34 billion in cash. According to the announcement, Schiffer-Gold Family and Leonard Green & Partners are prepared to offer $19.09 per share and contribute a substantial portion of their existing stock ownership in the company as part of the deal. The $19.09 offer is a 14 percent premium over the $16.68 closing price the day before the announcement. However, Yahoo! Finance indicates that at least one analyst has set a target price of $22.00 per share. The Schiffer-Gold family owns 33% of the company and the chairman, chief executive and other top executives of 99 Cents Only Stores are part of the Schiffer-Gold family. For these reasons, the firm believes this proposal does not provide the best value available to shareholders.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.