BALA CYNWYD, Pa.–(BUSINESS WIRE)–Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Golden Enterprises,Inc. (“Golden” or “the Company”) (Nasdaq: GLDC) for possible breaches offiduciary duty and other violations of state law in connection with thesale of the Company to Utz Quality Foods, Inc. (“Utz”).

Click here to learn more about the investigation http://brodsky-smith.com/1103-gldc-golden-enterprises-inc.html,or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Golden shareholders will receiveonly $12.00 in cash for each share of Golden stock they own. Theinvestigation concerns whether the Board of Golden breached theirfiduciary duties to shareholders and whether Utz is underpaying for theCompany. The transaction may undervalue the Company and the process maybe unfair for minority shareholders. For example, voting agreementsrepresenting the majority of shares have already been entered into bythe Company.

If you own shares of Golden stock and wish to discuss the legalramifications of the investigation, or have any questions, you maye-mail or call the law office of Brodsky & Smith, LLC who will, withoutobligation or cost to you, attempt to answer your questions. You maycontact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky &Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, byvisiting http://brodsky-smith.com/1103-gldc-golden-enterprises-inc.html,or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertiserepresenting shareholders throughout the nation in securities and classaction lawsuits. The attorneys at Brodsky & Smith have been appointed bynumerous courts throughout the country to serve as lead counsel in classactions and have successfully recovered millions of dollars for ourclients and shareholders. Attorney advertising. Prior results do notguarantee a similar outcome.