ANNIE’S INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Annie’s, Inc. (BNNY) Over the Proposed Sale of the Company to General Mills (GIS)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Annie’s, Inc. (“Annie’s” or the “Company”) (NYSE: BNNY) for potential breaches of fiduciary duties in connection with the sale of the Company to General Mills Inc. (“General Mills”) for approximately $820 million. The Company’s stockholders will receive $46.00 per share in cash for each share of Annie’s common stock they own.
The investigation focuses on whether Annie’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Annie’s shareholders.
If you own common stock in Annie’s and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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