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The Associated Press reports that a lawsuit has been filed in Mecklenburg County by Harris Teeter shareholders maintaining that the retailer did not get a high enough price when it agreed to be sold to Kroger.

The story notes that "Kroger agreed to buy Harris Teeter for $49.38 per share in cash, a 1.8 percent premium to the stock's closing price the day before. That price is about 34 percent higher than Harris Teeter's stock was when rumors of a deal began six months ago.
KC's View:
The lawyers will probably get rich on this one.

The question I would ask, as a shareholder, would be if the sale was to the right company, as opposed to being for the largest amount of money. I happen to think that Kroger is a lot less likely to screw up Harris Teeter than some other chains, and in fact is far more likely to make it more competitive and sustainable over the long term. Selling for more money, to a buyer that would've screwed up the company for short-term gain, strikes me as irresponsible.