An investigation on behalf of investors of Papa Murphy’s Holdings, Inc. (NASDAQ: FRSH) in connection with the proposed takeover was announced and NASDAQ: FRSH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/17/2019 -- An investigation on behalf of investors, who currently hold shares of Papa Murphy's Holdings, Inc. (NASDAQ: FRSH), was announced concerning whether the takeover of Papa Murphy's Holdings, Inc. is unfair to NASDAQ: FRSH stockholders.
Investors who purchased shares of Papa Murphy's Holdings, Inc. (NASDAQ: FRSH) and currently hold any of those NASDAQ: FRSH shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Papa Murphy's Holdings, Inc. breached their fiduciary duties owed to NASDAQ: FRSH investors in connection with the proposed acquisition.
Vancouver, WA based Papa Murphy's Holdings, Inc., together with its subsidiaries, owns, operates, and franchises Take N' Bake pizza stores. On April 11, 2019, MTY Food Group Inc. (TSX:MTY) and Papa Murphy's Holdings, Inc. (NASDAQ: FRSH) announced they have entered into a merger agreement under which MTY Food Group Inc would acquire all of the issued and outstanding shares of common stock of Papa Murphy's for cash consideration of US$6.45 per share.
However, given that at least one analyst has set the high target price for NASDAQ: FRSH shares at $7.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: FRSH stockholders. More specifically, the investigation concerns whether the Papa Murphy's Holdings 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.
Those who are current investors in Papa Murphy's Holdings, Inc. (NASDAQ: FRSH) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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