Ryan & Maniskas, LLP Announces Investigation of Harris Teeter Supermarkets, Inc.

WAYNE, Pa., July 10, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/htsi) is investigating potential claims against the board of directors of Harris Teeter Supermarkets, Inc.  ("Harris Teeter" or the "Company") (NYSE: HTSI) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to The Kroger Co. in a deal valued at approximately $2.4 billion.       

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Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Harris Teeter for not acting in the Company's shareholders' best interests in connection with the sale process.  For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/htsi.          

Under the terms of the transaction, Harris Teeter shareholders will receive only $49.38 in cash for each share of Harris Teeter stock they own.

If you own shares of Harris Teeter and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/htsi.  You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com.  For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

SOURCE Ryan & Maniskas, LLP