An investor in Keurig Green Mountain Inc (NASDAQ:GMCR) filed a lawsuit in effort to halt the proposed takeover of Keurig Green Mountain Inc.
Investors who purchased shares of Keurig Green Mountain Inc (NASDAQ:GMCR) and currently hold any of those NASDAQ:GMCR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:GMCR stockholders by agreeing to sell Keurig Green Mountain too cheaply via an unfair process to JAB Holding Company
On December 7, 2015, Keurig Green Mountain Inc (NASDAQ:GMCR) and JAB Holding Company announced that the companies have entered into a merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for $92.00 per share in cash, or a total equity value of approximately $13.9 billion.
However, the plaintiff claims that the proposed consideration NASDAQ:GMCR shareholders will receive is grossly inadequate and undervalues Keurig Green Mountain Inc. Indeed, NASDAQ:GMCR shares traded in early 2015 as high as $137.71 per share and reached as high as $154.27 per share in November 2014. In addition, the plaintiff alleges that the process is also unfair to NASDAQ:GMCR stockholders. The plaintiff claims that the defendants agreed to preclusive deal protection devices, such as a no-solicitation and hefty $475 million termination fee provision, that ensure that deter other bidders from making a superior offer.
On January 12, 2016, NASDAQ:GMCR shares closed at $90.42 per share.
Those who are current investors in Keurig Green Mountain Inc (NASDAQ:GMCR) 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
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