San Diego, CA -- (SBWIRE) -- 11/13/2018 -- An investigation was announced over the takeover of Bojangles', Inc.

Investors who purchased shares of Bojangles', Inc. (NASDAQ: BOJA) and currently hold any of those NASDAQ: BOJA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Bojangles', Inc. breached their fiduciary duties owed to NASDAQ: BOJA investors in connection with the proposed acquisition.

On November 06, 2018, Bojangles', Inc. (NASDAQ: BOJA) announced that it has entered into an agreement to be acquired by Durational Capital Management LP and The Jordan Company, L.P. Under the terms of the agreement, Durational Capital Management LP and The Jordan Company, L.P. will acquire the Company in an all cash transaction. Bojangles' stockholders will receive $16.10 per share.

However, given that concurrently with the execution of the acquisition agreement, Bojangles' majority stockholder executed already a customary voting agreement whereby it agreed (among other things) to vote its shares in favor of the acquisition, the investigation concerns whether the offer is unfair to Bojangles', Inc. (NASDAQ: BOJA stockholders.

In addition, given that shares of Bojangles', Inc. (NASDAQ: BOJA) traded prior to the takeover announcement in the open market as recently as October 8, 2018 as high as $16.85 per share, the investigation concerns whether the Bojangles', Inc. (NASDAQ: BOJA 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 November 12, 2018, NASDAQ: BOJA shares closed at $16.04 per share.

Those who are current investors in Bojangles', Inc. (NASDAQ: BOJA) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.