An investigation on behalf of investors of Dr Pepper Snapple Group Inc. (NYSE:DPS) in connection with the proposed takeover was announced and NYSE:DPS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/08/2018 -- The takeover of Dr Pepper Snapple Group Inc is under investigation over possible wrongdoing. The investigation was announced for investors, who currently hold shares of Dr Pepper Snapple Group Inc. (NYSE:DPS).
Investors who purchased shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) 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 Dr Pepper Snapple Group Inc. breached their fiduciary duties owed to NYSE:DPS investors in connection with the proposed acquisition.
On January 29, 2018, Dr Pepper Snapple Group, Inc. (NYSE: DPS) and Keurig Green Mountain, Inc. announced that the companies have entered into a merger agreement to create Keurig Dr Pepper ("KDP"), a new beverage company of scale with a portfolio of iconic consumer brands and unrivaled distribution capability to reach virtually every point-of-sale in North America. Under the terms of the agreement, which has been unanimously approved by the Dr Pepper Snapple Board of Directors, Dr Pepper Snapple shareholders will receive $103.75 per share in a special cash dividend and retain 13% of the combined company.
However, given that at least one analyst has set the high price target for NYSE: DPS shares at $130.00 per share, the investigation concerns whether the offer is unfair to NYSE:DPS stockholders. More specifically, the investigation concerns whether the Dr Pepper Snapple Group 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 February 7, 2018, NYSE:DPS shares closed at $118.00 per share.
Those who are current investors in Dr Pepper Snapple Group Inc. (NYSE:DPS) 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