Buyout Of Caribou - Law Firm Seeks A Higher Price For Shareholders
December 17 2012 - 9:59AM
PR Newswire (US)
Buyout Of Caribou - Law Firm Seeks A Higher Price For Shareholders
NEW YORK, Dec. 17, 2012 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities law firm, announces an investigation
regarding the acquisition of Caribou Coffee Company, Inc.
(CBOU). CBOU and the Joh. A. Benckiser Group (JAB) announced
a definitive merger agreement under which an affiliate of JAB will
acquire Caribou for $16.00 per share
in cash, or a total of approximately $340
million.
The investigation concerns whether the Boards of Directors of
CBOU engaged in self-dealing and have failed to act in the best
interests of their respective shareholders in breach of their
fiduciary duties. Indeed, at least eight independent wall
street analysts have a consensus of the true takeover value of the
company of at least $20 per share,
and it is believed that senior management and certain directors
will be joining JAB in obtaining an equity interest in the
company.
If you are a shareholder of CBOU and would like to learn more
about your rights and interests please contact us toll free at
877-772-3975 or email at contact@tripplevy.com
SOURCE Tripp Levy PLLC
Copyright 2012 PR Newswire
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