Del Frisco’s (DFRG) Alert: Johnson Fistel Investigates Proposed Sale of Del Frisco’s Restaurant Group; Is $8.00 a Fair Deal?
SAN DIEGO- PRNewswire —June 24, 2019
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Del Frisco’s Restaurant Group, Inc. (NASDAQ: DFRG) (“Del Frisco’s”) breached their fiduciary duties in connection with the proposed sale of the Company to L Catterton.
On June 24, 2019, Del Frisco’s announced that it had signed a definitive merger agreement with L Catterton. Under the terms of the merger agreement, stockholders of Del Frisco’s will receive $8.00 per share.
The investigation concerns whether the Del Frisco’s board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Del Frisco’s shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration. The 52-week high for Del Frisco’s was $13.55.
If you are a shareholder of Del Frisco’s and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, 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 https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.