KASKELA LAW LLC INVESTIGATION NOTICE: Investigation of Carrols Restaurant Group, Inc. (NASDAQ: TAST) Proposed $9.55 Shareholder Buyout

PHILADELPHIA, March 25, 2024 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Carrols Restaurant Group, Inc. (NASDAQ: TAST) ("Carrols") on behalf of the company's shareholders.

On January 16, 2024, Carrols announced that it had agreed to be acquired by Restaurant Brands International Inc. at a price of $9.55 per share in cash.  Following the closing of the proposed transaction, Carrols' shareholders will be cashed out of their investment position and the company's shares will no longer be publicly traded. 

The investigation seeks to determine whether investors will be receiving sufficient consideration for their shares, and whether Carrols' officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company at $9.55 per share.  Notably, immediately prior to the announcement of the proposed transaction, at least one stock analyst was maintaining a price target for Carrols' shares at $13.00 per share.

Carrols shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (888) 715 – 1740 or (484) 229 – 0750, or by email ([email protected] / [email protected]) or online at https://kaskelalaw.com/cases/carrols-restaurant-group/ , for additional information about this investigation and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis.  For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com

This notice may constitute attorney advertising in certain jurisdictions.

SOURCE Kaskela Law LLC

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED