SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Diamond Foods, Inc. (DMND) Over the Proposed Sale of ...
October 30 2015 - 4:49PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Diamond Foods, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Diamond Foods, Inc. (“Diamond” or the “Company”)
(EXCHANGE:DMND) for potential breaches of fiduciary duties in
connection with the sale of the Company to Snyder’s-Lance for
approximately $1.27 billion.
The Company’s stockholders will only receive 0.775 shares of
Snyder’s-Lance common stock and $12.50 in cash, or approximately
$40, for each share of Company common stock they own. However, the
offer is below at least one analyst’s price target of $41.00 per
share.
Click here for more information:
www.faruqilaw.com/DMND. There is no cost or
obligation to you.
The investigation focuses on whether Diamond’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Diamond’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. Follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Diamond and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/DMND or contact Juan Monteverde, Esq.
either via e-mail at jmonteverde@faruqilaw.com or by telephone at
(877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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