November 16, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Roundys Inc (NYSE:RNDY), was announced concerning whether the takeover of Roundys Inc by The Kroger Co for $3.60 per share is unfair to NYSE:RNDY stockholders.

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

On November 11, 2015, The Kroger Co. (NYSE: KR) and Roundy's Inc (NYSE:RNDY) announced a merger agreement under which Kroger will purchase all outstanding shares of Roundys for $3.60 per share in cash.

However, given that at least one analyst has set the high target price for NYSE:RNDY shares at $4.00 per share and given that NYSE:RNDY shares traded as recently as April 2015 in the open market as high as $5.93 per share, the investigation concerns whether the offer is unfair to NYSE:RNDY stockholders. More specifically, the investigation concerns whether the Roundys 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.

Shares of Roundy's Inc (NYSE:RNDY) reached as high as $10.11 per share in early 2014 and as high as $12.27 per share in May 2012.