WILMINGTON, Del., Nov. 3, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Diamond Foods, Inc. (NASDAQ GS:
DMND)?
- Did you purchase any of your shares prior to October 28, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Diamond
Foods, Inc. ("Diamond Foods" or the "Company") (NASDAQ GS: DMND)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Snyder's-Lance, Inc. ("Snyder's-Lance") (NASDAQ
GS: LNCE), in a transaction valued at approximately $1.9 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/diamond-foods-inc-dmnd-buyout.
Under the terms of the agreement, shareholders of Diamond Foods
will receive $12.50 in cash and 0.775
shares of Snyder's-Lance for each share of Diamond Foods they own.
Based on Snyder's-Lance's closing price on October 27, 2015, Diamond Foods shareholders
would have received compensation valued at approximately
$40.47 per share.
The investigation concerns whether Diamond Foods' board of
directors failed to adequately shop the Company and obtain the best
possible value for Diamond Foods' shareholders before entering into
an agreement with Snyder's-Lance. According to Yahoo!
Finance, at least one analyst has issued a price target for
Diamond Foods stock at $41.00 per
share.
If you own the common stock of Diamond Foods and purchased your
shares before October 28, 2015, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/diamond-foods-inc-dmnd-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/diamond-foods-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300171313.html
SOURCE Rigrodsky & Long, P.A.