Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Diversified Restaurant Holdings, Inc. has obtained a Fair Price in its sale to the ICV Partners
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PR Newswire
MILWAUKEE, Nov. 6, 2019
MILWAUKEE, Nov. 6, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Diversified Restaurant (Nasdaq: SAUC) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Diversified Restaurant to the ICV.
Click here to learn how to join the action: http://ademilaw.com/case/diversified-restaurant-holdings-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Diversified Restaurant's financial outlook is improving and yet shareholders will receive only $1.05. The merger agreement unreasonably limits competing bids for Diversified Restaurant by prohibiting solicitation of further bids, and imposing a termination penalty if Diversified Restaurant accepts a superior bid. Diversified Restaurant insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Diversified Restaurant's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Diversified Restaurant.
If you own common stock in Diversified Restaurant and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/diversified-restaurant-holdings-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original content:SOURCE Ademi & O'Reilly, LLP
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