Management Buyout of 99 Cents Only Stores Investigated by Tripp Levy PLLC

Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the acquisition of 99 Cents Only Stores (NYSE: NDN). It was announced that members of the Schiffer/Gold family, together with Leonard Green & Partners proposed to acquire all the common stock of 99 Cents that they do not own for only $19.09 per share in case. The Schiffer/Gold family owns approx. 33% of the company’s common stock.

The investigation concerns, among other things, whether the consideration to be paid to 99 Cents shareholders is unfair, inadequate, and substantially below the fair or inherent value of 99 Cents. Indeed, analysts have projected the company’s true going forward value is at least $22 per share. The investigation further concerns whether the Schiffer/Gold family, along with the directors of 99 Cents may not be acting in 99 Cents shareholders' best interests in connection with the proposed transaction, as well as the sale process.

If you own 99 Cents common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

    
      
        
          Tripp Levy
        
      
      
        
          Tripp Levy PLLC
        
      
      
        
          125 East 82nd Street
        
      
      
        
          9th Floor
        
      
      
        
          New York, New York
        
      
      
        
          Toll Free: 877-772-3975
        
      
      
        
          

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Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States

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