SAN DIEGO, Dec. 18, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Amplify Snack Brands, Inc. ("Amplify") (NYSE: BETR) breached their fiduciary duties in connection with the proposed sale of the Company to The Hershey Company (NYSE: HSY) ("Hershey"). Amplify develops, markets, and distributes better-for-you snack products in North America and internationally.
On December 18, 2017, Amplify announced that it had signed a definitive merger agreement with Hershey. Under the terms of the agreement, Hershey will acquire each share of outstanding common stock of Amplify in exchange for $12.00 per share in cash.
The investigation concerns whether the Amplify board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Amplify shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially since the Company issued shares in its IPO at $18.00 only several years ago.
If you are a shareholder of Amplify and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
SOURCE Johnson Fistel, LLP