Spartan Stores goes silent amid store closings, questions where headquarters will be located | MLive.com: "The company hasn’t responded to MLive or other media inquiries to answer those questions or inquiries about plans to close four Michigan stores: a Family Fare store in Grand Ledge and the VG’s Grocery stores in Burton, Flint Township and Shelby Township.There’s good reason the public company hasn’t been talking, says James Carey, a business law professor at Cooley Law School.
Staying silent is the best way to stay clear of running afoul of federal regulations enforced by the Securities and Exchange Commission, and upsetting shareholders who need to approve the deal.
...News reports have confirmed the pending closures through employees and a WARN notice filed with the state."
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