San Diego, Dec. 19, 2011 (Shareholders Foundation) -- The announcement that Winn-Dixie Stores, Inc. agreed that it will be acquired by BI-LO, LLC for $9.50 per share prompted an investigation for investors in Winn-Dixie Stores (NASDAQ:WINN) shares concerning whether the offer to acquire Winn-Dixie Stores and the buyout process are unfair to investors in NASDAQ: WINN shares and whether certain officers and directors breached their fiduciary duties.

The investigations by law firms concern whether Winn-Dixie Stores, certain officers and directors, and/or others breached their fiduciary duties owed Winn-Dixie Stores, Inc. (WINN) investors in connection with the proposed acquisition.

On Monday, December 19, 2011, BI-LO, LLC and Winn-Dixie Stores, Inc. (NASDAQ: WINN) announced that BI-LO will acquire all of the outstanding shares of Winn-Dixie Stores, Inc stock (NASDAQ: WINN). Under the terms of proposed transaction, Winn-Dixie Stores shareholders will receive $9.50 in cash per share of Winn-Dixie common stock.

Winn-Dixie Stores, Inc said the offer represents a premium of approximately 75% over the closing price of Winn-Dixie common stock on December 16, 2011.

Following the takeover proposal shares of Winn-Dixie Stores, Inc. (Public, NASDAQ:WINN) jumped from $5.43 per share on Friday to $9.35 on Monday.

However, shares of Winn-Dixie Stores, Inc. (WINN) traded as recently as July 20, 2011 as high as $9.81, thus above the current offer.Additionally at least one analyst has set the high target price at $11.00 per share.

Therefore the investigation for NASDAQ:WINN investors concerns whether the Winn-Dixie Stores Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to Winn-Dixie Stores (NASDAQ:WINN) shareholders by failing to adequately shop the Company before entering into this transaction. A potential securities class action lawsuit would seek to maximize the amount of money and information NASDAQ: WINN shareholders would receive in a buyout, so the law firm.