Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Stein Mart, Inc. ("Stein Mart" or the "Company") (NASDAQ: SMRT) to Kingswood Capital Management, L.P. ("Kingswood"). Under the terms of the merger, Stein Mart investors will receive $0.90 per share in cash.
The Stein Mart The merger investigation concerns whether the Board of Stein Mart has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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