Rigrodsky & Long, P.A. Announces Investigation Of Caribou Coffee Company, Inc. Buyout
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Caribou Coffee Company, Inc. ("Caribou" or the "Company") (NASDAQ GS: CBOU) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Joh. A. Benckiser ("Benckiser") in a transaction valued at approximately $340 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/caribou-coffee-company-inc-cbou.
Under the terms of the proposal, public shareholders of Caribou will receive $16.00 per share in cash for each share of Caribou they own.
The investigation concerns whether Caribou's board of directors failed to adequately shop the Company and obtain the best possible value for Caribou's shareholders before entering into an agreement with Benckiser. According to Yahoo! Finance, at least one analyst has set a price target for Caribou stock at $20.00
If you own the common stock of Caribou and purchased your shares before December 17, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/caribou-coffee-company-inc-cbou.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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KEYWORDS: United States North America Delaware
The article Rigrodsky & Long, P.A. Announces Investigation Of Caribou Coffee Company, Inc. Buyout originally appeared on Fool.com.
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