NEW YORK, May 22, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Frisch's Restaurants Inc. ("Frisch's" or the "Company") (NYSE: FRS) (ISIN: US3587481017) (CUSIP: 358748101) concerning the proposed acquisition of Frisch's by an affiliate of NRD Partners I, L.P..
Frisch's shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at email@example.com or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the Frisch's directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed transaction, Frisch's shareholders will receive $34.00 per share in cash for each share of Frisch's common stock. However, the EBIT, EBITDA, and book value multiples are below the averages of comparable transactions, according to a Bloomberg analysis.
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212-661-1100 ext. 237
SOURCE Pomerantz LLP