Ryan & Maniskas, LLP Announces Investigation of Burger King (BKC) Directors Regarding 3G Capital Acquisition
Source: Ryan & Maniskas, LLP
Ryan & Maniskas, LLP announced it is investigating potential claims against the board of directors of Burger King Holdings, Inc. (NYSE: BKC) concerning possible breaches of fiduciary duty and other violations of law related to the agreement to be acquired by 3G Capital for approx. $4 billion.
"Our investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Burger King."
Under the terms of the proposed transactions, Burger King stockholders will receive $24.00 in cash per share for all outstanding shares of the Company’s common stock.
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