SHAREHOLDER ALERT: Ark Restaurant Corp. Is Investigated by Faruqi & Faruqi, LLP For Potential Breaches of Fiduciary Duties
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Ark Restaurant Corp. (“Ark” or the “Company”) (NasdaqGM: ARKR) for potential breaches of fiduciary duties in connection with their conduct related to the acquisition proposal the Company received from Landry’s, Inc. on February 6, 2013. Under the terms of the proposed acquisition, Ark’s shareholders will be entitled to receive $22 in cash for each share of Ark’s common stock they own.
Whether Ark’s Board of Directors is acting in accordance with their fiduciary duties to Ark’s stockholders to conduct an adequate and fair sales process to sell the Company, whether the proposed transaction adequately values Ark’s shares, and whether Ark’s Board of Directors is effectively negotiating a price increase for the proposed acquisition are the key focus of this investigation.
If you own common stock in Ark 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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