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Parametric Sound Corp. Message Board

kovted 1 post  |  Last Activity: 1 hour 37 minutes ago Member since: Oct 2, 2009
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  • FYI….

    New York, New York/May 21, 2015 - A leading national securities and
    shareholder rights law firm announces that it is investigating the Board
    of Directors of Frisch's Restaurants, Inc. ("Frisch's" or the "Company")
    (NYSE MKT: FRS) for potential breaches of fiduciary duties in connection
    with the sale of the Company to an NRD Partners I, L.P. affiliate for
    approximately $175 million. The Company's stockholders will only receive
    $34.00 for each share of Frisch's common stock they own.

    The investigation seeks to determine whether the buyout price of $34 per
    share provides the highest price possible for shareholders to maximize
    their investment and whether a full and fair auction and process took
    place. Indeed, the book value alone is with 2x more than the buyout price
    The investigation further seeks to determine whether the senior
    management of Omnicare breached its fiduciary duties by selling the
    company for its own self interests at the expense of shareholders.

    If you are a shareholder of Frish's and would like additional information as
    to how the acquisition may affect your rights as a shareholder, and how
    you may be eligible to obtain a higher price for your shares, please
    contact us at no cost at 800.511.7037

12.610.00(0.00%)Apr 11 4:00 PMEDT