Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Krispy Kreme Doughnuts Inc (NYSE: KKD) acted responsibly on behalf of investors’ profitability in the planned $1.35 billion sale to JAB Beech Inc.
On May 9, 2016, Krispy Kreme Doughnuts Inc (NYSE: KKD) and JAB Beech Inc announced that they had entered into a merger agreement. Under the terms of the merger agreement, JAB Beech will offer Krispy Kreme shareholders $21.00 per share in cash for all outstanding shares.
Based in Winston-Salem, North Carolina, and founded in 1937 Krispy Kreme Doughnuts Inc operates as a branded retailer and wholesaler of doughnuts and coffee.
The investigation is looking to uncover whether Krispy Kreme Doughnuts Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $24.00 per share.
If you purchased Krispy Kreme Doughnuts Inc (NYSE: KKD) prior to May 9, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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