SAN DIEGO, Nov. 6, 2018 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Bojangles', Inc. (Bojangles', the
"Company") (NASDAQ: BOJA) breached their fiduciary duties in
connection with the proposed sale of the Company to Durational
Capital Management LP.
On November 6 2018, Bojangles'
announced that it had signed a definitive merger agreement with
Durational Capital. Under the terms of the merger agreement,
Durational Capital will pay $16.10
per share in cash.
The investigation concerns whether the Bojangles' 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 Bojangles' shares of common stock. Nationally recognized
Johnson Fistel is investigating
whether the proposed deal represents adequate consideration,
especially given the Company's initial public offering was
in May 2015 and was priced at
$19 per share.
If you are a shareholder of Bojangles' 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
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SOURCE Johnson Fistel, LLP