Law Office of Brodsky & Smith, LLC Announces Investigation of Caribou Coffee Company, Inc.
BALA CYNWYD, Pa., Dec. 19, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Caribou Coffee Company, Inc. ("Caribou Coffee" or the "Company") (Nasdaq- CBOU) relating to the proposed acquisition by Joh. A. Benckiser ("JAB").
Under the terms of the transaction, Caribou Coffee shareholders will receive only $16.00 in cash for each share of Caribou Coffee stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Caribou Coffee for not acting in the Company's shareholders' best interests in connection with the sale process to JAB. The transaction may undervalue the Company and will result in a loss for many shareholders. For example Caribou Coffee stock traded at $16.74 as recently as May 1, 2012 and $18.64 on March 30, 2012. In addition, Caribou Coffee is currently trading above the offer price and an analyst has set a price target for Caribou Coffee at $20.00 per share.
If you own shares of Caribou Coffee stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com visiting http://brodsky-smith.com/519-cbou-caribou-coffee-company-inc.html, by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC