Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Friday, October 30, 2015
Faruqi & Faruqi Investigation: Diamond Foods, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Diamond Foods, Inc. (“Diamond” or the “Company”) (NasdaqGS:DMND) for potential breaches of fiduciary duties in connection with the sale of the Company to Snyder’s-Lance for approximately $1.27 billion.
The Company’s stockholders will only receive 0.775 shares of Snyder’s-Lance common stock and $12.50 in cash, or approximately $40, for each share of Company common stock they own. However, the offer is below at least one analyst’s price target of $41.00 per share.
If you own common stock in Diamond and wish to obtain additional information and protect your investments free of charge, please contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.