An investigation on behalf of investors of Coca-Cola Enterprises Inc (NYSE:CCE) in connection with the proposed takeover was announced and NYSE:CCE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/19/2015 -- An investigation for shareholders, who currently hold NYSE:CCE shares, was announced concerning whether the takeover of Coca-Cola Enterprises Inc is unfair to NYSE:CCE stockholders.
Investors who purchased shares of Coca-Cola Enterprises Inc (NYSE:CCE) and currently hold any of those NYSE:CCE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Coca-Cola Enterprises Inc breached their fiduciary duties owed to NYSE:CCE investors in connection with the proposed acquisition.
On August 6, 2015, Coca-Cola Enterprises Inc (NYSE:CCE) (Euronext Paris: CCE), Coca-Cola Iberian Partners SA ("CCIP") and Coca-Cola Erfrischungsgetränke AG ("CCEAG"), a wholly owned subsidiary of The Coca-Cola Company (NYSE: KO), announced they have agreed to combine their businesses into a new company to be called Coca-Cola European Partners Plc. Under the terms of the agreement, Coca-Cola Enterprises shareholders will receive $14.50 in cash, and one share of the post-merger entity, for each share of Coca-Cola Enterprises they own, the value of which is equivalent to $66.34 per share of Coca-Cola Enterprises.
However, the investigation concerns whether the offer is unfair to NYSE:CCE stockholders. More specifically, the investigation concerns whether the Coca-Cola Enterprises 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.
On August 17 2015 NYSE:CCE shares closed at $53.00 per share.
Those who are current investors in Coca-Cola Enterprises Inc (NYSE:CCE) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego