SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Car...
December 17 2012 - 11:58AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Caribou Coffee Co. Inc. (“Caribou” or the “Company”) (Nasdaq: CBOU)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Joh. A.
Benckiser Group.
Click here to learn more about the investigation:
http://zlk.9nl.com/caribou-coffee-cbou/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Caribou shareholders will
receive $16.00 for each share of Caribou stock they own, for a
total approximate transaction value of $324.8 million. The
investigation concerns whether the Caribou Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this agreement. At
least one analyst set a price target for Caribou stock at $20.00
per share.
If you own common stock in Caribou and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/caribou-coffee-cbou/.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. Attorney advertising. Prior results do not guarantee
similar outcomes.
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