SAN DIEGO, June 24, 2019 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Del
Frisco's Restaurant Group, Inc. (NASDAQ: DFRG)
("Del Frisco's") breached their
fiduciary duties in connection with the proposed sale of the
Company to L Catterton.
On June 24, 2019, Del Frisco's announced that it had signed a
definitive merger agreement with L Catterton. Under the
terms of the merger agreement, stockholders of Del Frisco's will receive $8.00 per share.
The investigation concerns whether the Del Frisco's board failed
to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Del Frisco's shares of common
stock. Nationally recognized Johnson
Fistel is investigating whether the proposed deal represents
adequate consideration. The 52-week high for Del Frisco's was $13.55.
If you are a shareholder of Del Frisco's and believe the proposed buyout
price is too low or you're interested in learning more about the
investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If
emailing, please include a phone number.
Additionally, you can [Click here to join this action].
There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP