SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Caribou Coffee Co. Inc. in Connection with the Sale of the Company to Joh. A. Benckiser Group
Levi & Korsinsky is investigating the Board of Directors of Caribou
Coffee Co. Inc. (“Caribou” or the “Company”) (Nasdaq: CBOU) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Joh. A. Benckiser Group.
Under the terms of the transaction, Caribou shareholders will receive
$16.00 for each share of Caribou stock they own, for a total approximate
transaction value of $324.8 million. The investigation concerns whether
the Caribou Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before entering
into this agreement. At least one analyst set a price target for Caribou
stock at $20.00 per share.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. 30 Broad Street -
24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll
Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com