Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Caribou Coffee Company, Inc. Shareholders
20 Dezembro 2012 - 7:38PM
Business Wire
Kirby McInerney LLP is investigating potential claims against
the Board of Directors of Caribou Coffee Company, Inc. (“Caribou”
or the “Company”) (NASDAQ: CBOU) related to the proposed
acquisition of the Company by the Joh. A. Benckiser Group (“JAB”).
Under the terms of the agreement, JAB will acquire all of the
outstanding common stock of Caribou for $16.00 per share in cash,
for a total enterprise value of approximately $340 million.
The investigation concerns whether the Caribou Board of
Directors violated its fiduciary duties by agreeing to this
transaction and whether the proposed $16.00 per share consideration
adequately values Caribou common shares. The offer price represents
a 30% premium to the price of shares on December 14, 2012, the day
before the transaction was announced; however, shares were trading
above the offer price as recently as May 2, 2012, and they have
traded above the offer price since the transaction was announced.
At least one analyst has set a price target of $20 for the stock.
Further, Caribou’s existing management will retain its leadership
role in the new company.
If you are a Caribou shareholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email
at bwalker@kmllp.com, by telephone at (212) 699-1145 or (888)
529-4787, or fill out a contact form.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to
www.kmllp.com.
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