SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Krispy Kreme Doughnuts, Inc. Buyout
May 19 2016 - 2:57PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Krispy Kreme
Doughnuts, Inc. (NYSE: KKD)?
- Did you purchase any of your shares
prior to May 9, 2016?
- Do you think the proposed buyout
price 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 Krispy
Kreme Doughnuts, Inc. (“Krispy Kreme” or the “Company”) (NYSE: KKD)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by JAB Beech Inc. (“JAB”), in a transaction valued
at approximately $1.35 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/krispy-kreme-doughnuts-inc-kkd.
Under the terms of the agreement, shareholders of Krispy Kreme
will receive $21.00 in cash for each share of Krispy Kreme common
stock.
The investigation concerns whether Krispy Kreme’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Krispy Kreme shareholders before entering into
an agreement with JAB. According to Yahoo! Finance, at least one
analyst has issued a price target for Krispy Kreme stock at $24.00
per share.
If you own the common stock of Krispy Kreme and purchased your
shares before May 9, 2016, 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 info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/krispy-kreme-doughnuts-inc-kkd.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160519006617/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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