Buyout Of Caribou - Law Firm Seeks A Higher Price For Shareholders
NEW YORK, Dec. 17, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces an investigation regarding the acquisition of Caribou Coffee Company, Inc. (CBOU). CBOU and the Joh. A. Benckiser Group (JAB) announced a definitive merger agreement under which an affiliate of JAB will acquire Caribou for $16.00 per share in cash, or a total of approximately $340 million.
The investigation concerns whether the Boards of Directors of CBOU engaged in self-dealing and have failed to act in the best interests of their respective shareholders in breach of their fiduciary duties. Indeed, at least eight independent wall street analysts have a consensus of the true takeover value of the company of at least $20 per share, and it is believed that senior management and certain directors will be joining JAB in obtaining an equity interest in the company.
If you are a shareholder of CBOU and would like to learn more about your rights and interests please contact us toll free at 877-772-3975 or email at email@example.com
SOURCE Tripp Levy PLLC