A lawsuit was filed for investors in shares of Jamba, Inc. (NASDAQ: JMBA) in connection with the proposed takeover and NASDAQ: JMBA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/29/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of Jamba, Inc. (NASDAQ: JMBA), filed a lawsuit against the takeover of Jamba, Inc. by Focus Brands Inc.
Investors who purchased shares of Jamba, Inc. (NASDAQ: JMBA) and currently hold any of those NASDAQ: JMBA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: JMBA stockholders by agreeing to sell Jamba, Inc. cheaply via an unfair process.
Frisco, TX based Jamba, Inc., through its subsidiary, Jamba Juice Company, owns, operates, and franchises Jamba Juice stores. On Aug. 2, 2018-- Focus Brands Inc. and Jamba, Inc. (NASDAQ: JMBA) announced that the companies have entered into a merger agreement under which Focus Brands Inc. will acquire Jamba, Inc. (NASDAQ: JMBA) for $13.00 per share in cash, in a transaction valued at approximately $200 million.
However, plaintiff claims that the proposed consideration NASDAQ: JMBA shareholders will receive is grossly inadequate and undervalues Jamba. In addition, the plaintiff alleges that the process is also unfair NASDAQ: JMBA stockholders
Those who are current investors in Jamba, Inc. (NASDAQ: JMBA) 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
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.