Law Office of Brodsky & Smith, LLC Announces Investigation of Benihana, Inc.
30 Mayo 2012 - 11:35AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Benihana, Inc. (“Benihana” or the “Company”) (Nasdaq: BNHN)
relating to the proposed acquisition by Angelo, Gordon & Co.
(“Angelo”).
Under the terms of the transaction, Benihana shareholders would
receive only $16.30 in cash for each share of Benihana stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Benihana for not acting in the Company’s shareholders' best
interests in connection with the sale process to Angelo. For
example, the transaction is below an analyst price target of $17.30
per share.
If you own shares of Benihana 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/430-bnhn-benihana-inc.html, or by calling
toll free 877-LEGAL-90.
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