SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Diamond Foods, Inc. And Encourages Inves...
October 29 2015 - 5:47PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Diamond Foods, Inc. (NasdaqGS:
DMND) (“Diamond Foods” or the “Company”) relating to the proposed
buyout of the Company by Snyder’s-Lance, Inc.
Under the terms of the transaction, Diamond Foods shareholders
are anticipated to receive 0.775 Snyder's-Lance shares and $12.50
in cash for each share of Diamond Foods common stock held. The
firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of Diamond Foods and believe
that the proposed buyout price is too low, or you would like to
learn more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20151029006834/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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