Faruqi & Faruqi, LLP Announces the Investigation of Diamond Foods, Inc. (DMND) Over the Proposed Sale of the Company to Snyder’s-Lance
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Diamond Foods, Inc. (“Diamond” or the “Company”) (NasdaqGS:DMND) for potential breaches of fiduciary duties in connection with the sale of the Company to Snyder’s-Lance for approximately $1.27 billion.
The Company’s stockholders will only receive 0.775 shares of Snyder’s-Lance common stock and $12.50 in cash, or approximately $40, for each share of Company common stock they own. However, the offer is below at least one analyst’s price target of $41.00 per share.
If you own common stock in Diamond and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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New York, NY 10017
Tel: (212) 983-9330
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