The Law Office Of Abe Shainberg Announces An Investigation Into The Possible Breaches Of Fiduciary Duty By The Board Of Burger King Holdings, Inc. In Connection With The Sale Of The Company To 3G Capital - BKC
The Law Office of Abe Shainberg is investigating the Board of Directors of Burger King Holdings, Inc. (NYSE: BKC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to 3G Capital in a going-private transaction. Under the terms of the deal, Burger King shareholders will receive $24.00 in cash per share of common stock for a total transaction value of approximately $3.3 billion.
The investigation concerns whether the Burger King Board of Directors breached their fiduciary duties to Burger King stockholders by failing to adequately shop the Company before entering into this transaction and whether 3G is underpaying for Burger King shares. For the quarter ending June 30, 2010, Burger King reported total revenue of $623 million and net income of $49 million as compared to total revenue and net income of $596.90 million and $41 million, respectively, for the prior quarter.
If you own common stock in Burger King and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/burger-king-holdings-bkc.html.
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.
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