An investigation on behalf of investors, who currently hold NASDAQ:PLKI shares, was announced concerning whether the takeover of Popeyes Louisiana Kitchen Inc by Restaurant Brands International Inc for $79.00 per share is unfair.
Investors who purchased shares of Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) and currently hold any of those NASDAQ:PLKI shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of Popeyes Louisiana Kitchen Inc breached their fiduciary duties owed to NASDAQ:PLKI investors in connection with the proposed acquisition.
On February 21, 2017, Restaurant Brands International Inc. (NYSE/TSX: QSR, TSX: QSP) and Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) announced that the companies have reached an agreement for Restaurant Brands International Inc to acquire Popeyes Louisiana Kitchen Inc for $79.00 per share in cash, or $1.8 billion.
However, the investigation concerns whether the offer is unfair to NASDAQ:PLKI stockholders. More specifically, the investigation concerns whether the Popeyes Louisiana 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 March 3, 2017, Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) shares closed at $79.00 per share.
Those who are current investors in NASDAQ:PLKI shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego