Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Annie's, Inc. (NYSE: BNNY) breached their fiduciary duties in connection with the proposed sale of the Company to General Mills, Inc.
Additional Information:
Annie's produces, markets, and distributes natural and organic food products. It offers products comprising of meals, snacks, dressings, condiments and other products.
On September 9, 2014, Annie’s announced it had signed a definitive agreement to be acquired by General Mills. Under the terms of the agreement, Annie’s shareholders will receive $46.00 per share in cash for each share of Annie's common stock they own.
The investigation will determine whether Annie’s Board of Directors breached their fiduciary duties to stockholders by failing to satisfactorily shop the Company before entering into this agreement and whether the proposed consideration adequately values the Company’s common stock.
If you are a shareholder of Annie’s and believe (1) the proposed buyout price is too low or (2) you are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contacts:
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
