KRAFT FOODS GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger

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Mar 26, 2015, 12:59 ET

WILMINGTON, Del, March 26, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:

Do you own shares of Kraft Foods Group, Inc. (NASDAQ GS: KRFT)?
Did you purchase any of your shares prior to March 25, 2015?
Do you think the proposed merger value is too low?
Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Kraft Foods Group, Inc. ("Kraft" or the "Company") (NASDAQ GS: KRFT) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to merge with H.J. Heinz Company ("Heinz").

Click here to learn more: http://www.rigrodskylong.com/investigations/kraft-foods-group-inc-krft.

Under the terms of the agreement, Kraft shareholders will own a 49% stake in the combined company, and current Heinz shareholders will own 51% on a fully diluted basis. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share.

The investigation concerns whether Kraft's board of directors failed to adequately shop the Company and obtain the best possible value for Kraft's shareholders before entering into an agreement with Heinz.

If you own the common stock of Kraft and purchased your shares before March 25, 2015, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected], or at: http://www.rigrodskylong.com/investigations/kraft-foods-group-inc-krft.

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.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
[email protected]
http://www.rigrodskylong.com

SOURCE Rigrodsky & Long, P.A.