Kraft Foods Shareholder Alert - National Securities Law Firm Seeks Higher Price for Shareholders in Connection with Acquisition. Encourages Shareholders to Contact Law Firm for More Information
NEW YORK, March 25, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Kraft Foods Group, Inc. (NASDAQ: "KRFT") ("Kraft" or the "Company") on behalf of its shareholders. H.J. Heinz Company and Kraft announced that they have entered into a merger agreement to combine the two companies. Kraft shareholders will own a 49% stake in the combined company, and current Heinz shareholders will own 51%. Kraft shareholders will have each share of Kraft converted into one share of the combined company and receive a special cash dividend of $16.50 per share.
Our investigation seeks to determine whether the offer price of only $16.50 per share plus one share of the combined company unfairly under-values the true going forward inherent value of Kraft and whether shareholders are receiving the maximum value for their shares. The investigation further seeks to determine whether senior management of Kraft are acting in their own self-interests at the expense of shareholders. Kraft's Chairman and CEO will become Vice Chairman and chair of a newly formed operations and strategy committee of the combined board and the board of directors of the combined company will consist of five members appointed by the current Kraft board.
If you are a shareholder of Kraft and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: [email protected]
www.tripplevy.com/participate-in-an-action
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America." Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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