SHAREHOLDER ALERT: WeissLaw LLP Investigates Bojangles' Inc.2 Views
NEW YORK, NY / ACCESSWIRE / November 9, 2108 / WeissLawLLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Bojangles' Inc. (''BOJA'' or the ''Company'') (NASDAQ: BOJA) in connection with the proposed acquisition of the Company by Durational Capital Management LP and The Jordan Company. Under the terms of the acquisition agreement, shareholders will receive $16.10 in cash for each BOJA share they own.
If you own BOJA shares and wish to discussthis investigation or have any questions concerning this notice or your rightsor interests, please contact:
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WeissLaw is investigating whether BOJA's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $17.00 per BOJA share. Additionally, the Company recently announced revenue of $138.7 million in the third quarter of fiscal year 2018, representing an increase of $2.7 million year-over-year when compared to the $136 million reported in the same period of the previous year.
Given these facts, WeissLaw is investigating whether BOJA's Board acted in the best interests of BOJA's public shareholders to maximize shareholder value prior to entering into the agreement. If you own BOJA shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at [email protected].
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE: WeissLaw LLP