STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Belk, Inc. (“Belk” or the “Company”) (OTC PINK: BLKIA) relating to the proposed buyout of the Company by Sycamore Partners in a transaction valued at approximately $3.0 billion. Under the terms of the transaction, Belk shareholders are anticipated to
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