An investigation on behalf of investors of Kraft Foods Group Inc (NASDAQ:KRFT) in connection with the proposed takeover was announced and NASDAQ:KRF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/30/2015 -- An investigation on behalf of investors, who currently hold shares of Kraft Foods Group Inc (NASDAQ:KRFT), was announced concerning whether the takeover of Kraft Foods Group Inc by H.J. Heinz Company is unfair to NASDAQ:KRFT stockholders.
Investors who purchased shares of Kraft Foods Group Inc (NASDAQ:KRFT) and currently hold any of those NASDAQ:KRFT shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Kraft Foods Group Inc breached their fiduciary duties owed to NASDAQ:KRFT investors in connection with the proposed acquisition.
On March 25, 2015, H.J. Heinz Company and Kraft Foods Group, Inc. (NASDAQ: KRFT) announced that they have entered into a merger agreement to create The Kraft Heinz Company, forming the third largest food and beverage company in North America with an unparalleled portfolio of iconic brands. Under the terms of the agreement, Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share. The aggregate special dividend payment of approximately $10 billion is being fully funded by an equity contribution by Berkshire Hathaway and 3G Capital.
However, the investigation concerns whether the offer is unfair to NASDAQ:KRFT stockholders. More specifically, the investigation concerns whether the Kraft Foods Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Kraft Foods Group Inc (NASDAQ:KRFT) jumped to $87.88 per share on March 25, 2015.
On March 26, 2015, NASDAQ:KRFT shares closed at $84.39 per share.
Those who are current investors in Kraft Foods Group Inc (NASDAQ:KRFT) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com