SAN DIEGO, Nov. 28, 2017 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Buffalo Wild Wings, Inc. (NASDAQ:
BWLD) ("Buffalo Wild Wings") breached their fiduciary duties in
connection with the proposed sale of the Company to Arby's
Restaurant Group, Inc. ("Arby's").
On November 28, 2017, Buffalo Wild
Wings announced that it had signed a definitive merger agreement
with Arby's. Under the terms of the deal with Arby's, Buffalo Wild
Wings shareholders will receive $157
per share in cash.
The investigation concerns whether the Buffalo Wild Wings board
failed to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Buffalo Wild Wings shares of common stock. Nationally
recognized Johnson Fistel is
investigating whether the proposed deal price represents adequate
consideration, especially given one Wall Street analyst has a
$170.00 price target on the stock.
The 52-week high for Buffalo Wild Wings was $175.10.
If you are a shareholder of Buffalo Wild Wings and believe
the proposed buyout price is too low or you're interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If
emailing, please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP