A lawsuit was filed for investors in shares of Papa Murphy’s Holdings, Inc. (NASDAQ: FRSH) in connection with the proposed takeover and NASDAQ: FRSH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/08/2019 -- The Shareholders Foundation announces that an investor, who currently holds shares of Papa Murphy's Holdings, Inc. (NASDAQ: FRSH), filed a lawsuit against the takeover of Papa Murphy's Holdings, Inc.
Investors who purchased shares of Papa Murphy's Holdings, Inc. (NASDAQ: FRSH) and currently hold any of those NASDAQ: FRSH shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: FRSH stockholders by agreeing to sell Papa Murphy's Holdings, Inc. cheaply via an unfair process.
Vancouver, WA based Papa Murphy's Holdings, Inc., together with its subsidiaries, owns, operates, and franchises Take N' Bake pizza stores. On April 11, 2019, MTY Food Group Inc. (TSX:MTY) and Papa Murphy's Holdings, Inc. (NASDAQ: FRSH) announced they have entered into a merger agreement under which MTY Food Group Inc would acquire all of the issued and outstanding shares of common stock of Papa Murphy's for cash consideration of US$6.45 per share.
However, plaintiff claims that the proposed consideration NASDAQ: FRSH shareholders will receive is grossly inadequate and undervalues Papa Murphy's Holdings, Inc. Indeed, at least one analyst has set the high target price for NASDAQ: FRSH shares at $7.00 per share. In addition, the plaintiff alleges that the process is also unfair NASDAQ: FRSH stockholders.
Those who are current investors in Papa Murphy's Holdings, Inc. (NASDAQ: FRSH) shares have certain options and should contact the Shareholders Foundation.
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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.