WAYNE, Pa., July 22, 2016 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of Golden Enterprises Inc. ("Golden Enterprises" or
the "Company") (NASDAQ: GLDC) concerning possible breaches of
fiduciary duty and other violations of law related to the Company's
efforts to sell the Company to Utz Quality Foods, Inc. of
Hanover, PA.
If you own shares of Golden Enterprises and would like to learn
more about this class action 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/gldc. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the agreement, shareholders of Golden
Enterprises will receive $12.00 in
cash for each share of Golden Enterprises common stock.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Golden Enterprises or not acting in the Company's shareholders'
best interests in connection with the sale process.
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. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas,
LLP
Richard A. Maniskas,
Esquire
995 Old Eagle School Rd., Suite
311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/gldc
rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP