NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Belk Inc. (“Belk” or the “Company”) (OTC MKTS: BLKIA) for potential breaches of fiduciary duties in connection with the sale of the Company to Sycamore Partners for approximately $3.0 billion in a cash transaction. The Company’s stockholders will only receive $68.00 for each share of Company common stock they own. The offer represents


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