BUYOUT OF HEINZ - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
BUYOUT OF HEINZ – LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
New York, New York (PRNewswire) -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it has been retained to represent shareholders of Heinz. H.J. Heinz Company (NYSE: HNZ) (“Heinz”) today announced that it has entered into a definitive merger agreement to be acquired by an investment consortium comprised of Berkshire Hathaway and 3G Capital. Under the terms of the agreement, Heinz shareholders will receive $72.50 in cash for each share of common stock they own.
The investigation concerns whether the board of directors of Heinz engaged in a full and fair auction for the company obtaining the highest price possible for shareholders while not obtaining personal benefits for themselves in selling to this investment consortium at this price.
If you own Heinz common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact
Tripp Levy PLLC
125 East 82nd Street
New York, New York
Toll Free: 877-772-3975
Email: contact @ tripplevy
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
i read that management put in a $750 penalty fee if someone else wants to make a higher offer? that doesn't sound right....obviously mgmt doesn't want this deal to go away...they are probably getting something for themselves
you don't have to sell at any price. 67% insittutional owned. it's just won't be listed in the NYSE it's still a private company with lots of shareholders. bkr or 3g is making offer to get 100%..shareholders don't have to sell.