An investigation on behalf of investors of Cabelas Inc (NYSE:CAB) in connection with the proposed takeover was announced and NYSE:CAB stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/10/2016 -- The takeover of Calebas Inc is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NYSE:CAB shares, concerning whether the takeover of Cabelas Inc. by Bass Pro Shops for $65.50 per share is unfair.
Investors who purchased shares of Cabelas Inc (NYSE:CAB) and currently hold any of those NYSE:CAB shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Cabelas Inc directors breached their fiduciary duties owed to NYSE:CAB investors in connection with the proposed acquisition.
On October 3, 2016, Bass Pro Shops and Cabelas Inc (NYSE:CAB) announced that they have entered into an agreement under which Bass Pro Shops will acquire Cabelas Inc (NYSE:CAB) for $65.50 per share in cash, representing an aggregate transaction value of approximately $5.5 billion.
However, the investigation concerns whether the offer is unfair to NYSE:CAB stockholders. More specifically, the investigation concerns whether the Cabelas 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.
Shares of Cabelas Inc (NYSE:CAB) closed on October 7, 2016, at $62.25 per share.
Those who are current investors in Cabelas Inc 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