BALA CYNWYD, Pa.
May 24, 2012
/PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Benihana, Inc. ("Benihana" or the "Company") (Nasdaq- BNHN) relating to the proposed acquisition by Angelo, Gordon & Co. ("Angelo").
Under the terms of the transaction, Benihana shareholders would receive only
in cash for each share of Benihana stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Benihana for not acting in the Company's shareholders' best interests in connection with the sale process to Angelo. For example, the transaction is below an analyst price target of
If you own shares of Benihana stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602,
Bala Cynwyd, PA
19004, by e-mail at
, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC