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
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/519-cbou-caribou-coffee-company-inc.html,
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC