SAN DIEGO, Sept. 15, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that an investor, who currently holds shares Annies Inc (BNNY), filed a lawsuit in effort to stop the proposed takeover of Annies Inc by General Mills, Inc for $46.00 per share.
Investors, who purchased shares of Annies Inc (BNNY) prior to September 8, 2014, and currently hold any of those BNNY shares, have certain options and should contact the Shareholders Foundation, Inc. at mail@shareholdersfoundation.com or call +1 (858) 779 - 1554.
On September 8, 2014, Annie's Inc. (BNNY) announced an agreement to be acquired by General Mills, Inc. (GIS) for $46.00 per share in cash, for a total transaction value of approximately $820 million.
However, the plaintiff claims that the offer is unfair to BNNY stockholders and undervalues Annies Inc. Indeed, following the takeover news BNNY shares reached in the open marked as high as $46.39 per share on September 9, 2014 and traded in last October as high as $51.36 per share. In addition, the plaintiff alleges that the process is also unfair to Annies Inc stockholders.
Those who currently are investors in Annies Inc (BNNY) shares and purchased any of those BNNY shares prior to the announcement have certain options and should contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio legal 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.