SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Caribou Coffee Co. Inc. in Connection with the Sale of the Company to Joh. A. Benckiser Group
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Caribou Coffee Co. Inc. ("Caribou" or the "Company") (NAS: 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 email@example.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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Caribou Coffee Co. Inc. in Connection with the Sale of the Company to Joh. A. Benckiser Group originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.