SHAREHOLDER ALERT: The Einstein Noah Restaurant Group Acquisition By JAB Holding Company May Not Be In The Best Interests of BAGL Shareholders
NEW YORK, Oct. 1, 2014 /PRNewswire/ -- The fairness of the proposed acquisition of Einstein Noah Restaurant Group ("BAGL" or the "Company") by JAB Holding Company ("JAB") is the subject of an examination by WeissLaw LLP, a national class action, shareholder rights law firm. The examination focuses on possible breaches of fiduciary duty and other violations of law by the Board of Directors of BAGL for agreeing to sell the Company to JAB. On September 29, 2014, the Company announced it had reached a definitive agreement for JAB to acquire all outstanding shares of BAGL in an all cash transaction valued at approximately $374 million. Under the terms of the agreement, BAGL shareholders will receive $20.25 cash for each share of BAGL they own.
WeissLaw is investigating whether BAGL's Board acted to maximize shareholder value prior to entering into the agreement with JAB.
Given these facts, WeissLaw is investigating the Board of Directors' decision to sell BAGL and whether BAGL shareholder will obtain their fair and proportionate share of the Company's continued success and future growth prospects. If you own BAGL shares and would like more information about your rights or our investigation, please contact Joshua Rubin or Kelly Keenan either by telephone at (888) 593-4771 or by email at [email protected].
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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WeissLaw LLP
Joshua Rubin
Kelly Keenan
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
[email protected]
SOURCE WeissLaw LLP
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