An investigation on behalf of investors of Jamba, Inc. (NASDAQ: JMBA) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 08/08/2018 -- An investigation was announced concerning whether the takeover of Jamba, Inc. by Focus Brands Inc is unfair to NASDAQ: JMBA stockholders.
Investors who purchased shares of Jamba, Inc. (NASDAQ: JMBA) and currently hold any of those NASDAQ: JMBA 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 Jamba, Inc. breached their fiduciary duties owed to NASDAQ: JMBA investors in connection with the proposed acquisition.
Frisco, TX based Jamba, Inc., through its subsidiary, Jamba Juice Company, owns, operates, and franchises Jamba Juice stores. On Aug. 2, 2018-- Focus Brands Inc. and Jamba, Inc. (NASDAQ: JMBA) announced that the companies have entered into a merger agreement under which Focus Brands Inc. will acquire Jamba, Inc. (NASDAQ: JMBA) for $13.00 per share in cash, in a transaction valued at approximately $200 million.
However, the investigation concerns whether the offer is unfair to NASDAQ: JMBA stockholders. More specifically, the investigation concerns whether the Jamba 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 7, 2018, NASDAQ: JMBA shares closed at $12.94 per share.
Those who are current investors in Jamba, Inc. (NASDAQ: JMBA) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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