TheGrantLawFirm, PLLC is Investigating Potential Breaches of Fiduciary Duty of Kraft Foods Group, Inc. Over the Proposed Merger with H.J. Heinz Company

NEW YORK--(BUSINESS WIRE)-- TheGrantLawFirm, PLLC is investigating a potential action on behalf of the shareholders of Kraft Foods Group, Inc. (Nasdaq: KRFT)(“Kraft” or the “Company”) for possible breaches of fiduciary duty and other violations of state and federal law by the Company’s officers and directors relating to the proposed acquisition of the Company with H.J. Heinz Company (“Heinz”).

Under the terms of the merger agreement, Kraft shareholders will own a 49% stake in the combined company, and current Heinz shareholders will own 51%. Each Kraft shareholder will receive one share of the combined company and a special cash dividend of $16.50 per share.

The firm’s investigation seeks to determine, among other things, whether Kraft’s Board of Directors failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the merger and whether the board obtained the best price possible for the Company’s shares of common stock. The investigation will also include whether any proxy to be used in soliciting Kraft shareholders vote on the transaction is false and misleading.

If you are a current holder of Kraft shares, would like to discuss this investigation and/or are interested in helping the Company recover its damages, please contact, Jorge Amador at 212-292-4449/[email protected] or Lynda J. Grant at 212-292-4441/[email protected]. Jorge Amador is a forensics accounting expert and class action attorney. Lynda J. Grant has been representing wronged investors for over 30 years, and was recently selected as a New York Metro Superlawyer.

ATTORNEY ADVERTISING

TheGrantLawFirm, PLLC
Lynda J. Grant, 212-292-4441
[email protected]
or
Jorge Amador, 212-292-4449
[email protected]

Source: TheGrantLawFirm, PLLC

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