Annie’s Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by General Mills, Inc.
September 09, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Annie’s Inc. (“Annie’s” or the “Company”) (NYSE: BNNY) breached its fiduciary duty to its shareholders in agreeing to sell Annie’s to General Mills, Inc.
Under the terms of the agreement, Annie’s shareholders will receive $46.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Annie’s shareholders and the process by which the Annie’s Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last twelve years.