SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of The Fresh Market, Inc. & Encourages Inve...
14 Marzo 2016 - 12:02PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that it is investigating
potential legal claims against the board of directors of The Fresh
Market, Inc. (“The Fresh Market” or the “Company”)
(NASDAQ: TFM) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an
agreement to be acquired by an affiliate of Apollo Global
Management, LLC, in a transaction valued at approximately $1.36
billion.
Under the terms of the agreement, shareholders of The Fresh
Market will receive $28.50 in cash for each share of The Fresh
Market common stock held. The firm’s investigation seeks to
determine, among other things, whether the Company’s Board of
Directors failed to satisfy their duties to shareholders, including
whether the Board adequately pursued alternatives to the
acquisition and whether the Board obtained the best price possible
for the Company’s shares of common stock. For example, according
to Yahoo! Finance, at least one analyst has issued a price
target for The Fresh Market stock at $44.00 per share.
If you currently own the Company’s common stock and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160314006182/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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