SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Diamond Food, Inc.
October 28 2015 - 10:15PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Diamond Foods, Inc. ("Diamond Foods” or "the Company") (Nasdaq:
DMND) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to
Snyder’s-Lance, Inc. (“Snyder’s-Lance”).
Click here to learn more about the investigation
http://brodsky-smith.com/996-dmnd-diamond-foods-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Diamond Foods shareholders
will receive only $12.50 in cash and 0.775 of a share of
Snyder’s-Lance for each share of Diamond Foods stock they own. The
investigation concerns whether the Board of Diamond Foods breached
their fiduciary duties to shareholders and whether Snyder’s-Lance
is underpaying for Diamond Foods. The transaction may undervalue
Diamond Foods given the Company’s strong financial position and
that the consideration being paid to Diamond Foods shareholders is
below the premium paid in comparable transactions. For example,
Diamond Foods has beaten consensus analyst estimates for adjusted
EPS and adjusted net income for the past five quarters.
If you own shares of Diamond Foods stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/996-dmnd-diamond-foods-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151028006911/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/996-dmnd-diamond-foods-inc.html
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