An investigation on behalf of investors of Zoe’s Kitchen, Inc. (NYSE:ZOES) in connection with the proposed takeover was announced and NYSE: ZOES stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/28/2018 -- The takeover of Zoe's Kitchen, Inc is under investigation over possible wrongdoing.
Investors who purchased shares of Zoe's Kitchen, Inc. (NYSE: ZOES) and currently hold any of those NYSE: ZOES shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Zoe's Kitchen, Inc. breached their fiduciary duties owed to NYSE: ZOES investors in connection with the proposed acquisition.
On August 17, 2018, Zoe's Kitchen, Inc. (NYSE: ZOES) ) announced that it has entered into an agreement to be acquired in a transaction by privately held Cava Group, Inc..
Under the terms of the agreement, Zoe's Kitchen, Inc. (NYSE: ZOES) shareholders will receive $12.75 in cash for each share of common stock they hold.
However, given that at least one analyst has set the high target price for NYSE: ZOES shares at $13.00 per share, the investigation concerns whether the offer is unfair to NYSE: ZOES stockholders. More specifically, the investigation concerns whether the Zoe's Kitchen Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On August 27, 2018, NYSE: ZOES shares closed at $13.52 per share.
Those who are current investors in Zoe's Kitchen, Inc. (NYSE: ZOES) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com