DALLAS, May 30, 2012 /PRNewswire/ -- Securities lawyers at Goldfarb LLP announce an investigation into alleged violations of shareholder protection laws by officers and directors of Benihana, Inc. (NASDAQ: BNHN) in connection with a buyout for $16.30 per share to Angelo, Gordon & Co.. Concerned BNHN investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or email@example.com about their rights and remedies. "On top of the fact that BNHN stock's 52 week high is $16.59 per share, at least one analyst as targeted its price at $17.30 per share," said Hamilton Lindley. "Our proposed investor class action seeks to ensure that, if sold, the company has been adequately and fairly shopped and that shareholder interests are protected in terms of price and information." Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide BNHN stockholders – or anyone with knowledge about this acquisition – should contact lawyer Hamilton Lindley at firstname.lastname@example.org or 877-583-2855 with questions or concerns. Hamilton LindleyGoldfarb LLP2501 N. Harwood, Ste. 1801 Dallas, TX 75201(877) 583-2855 Toll Free Telephone (214) 583-2233 Local Phone Number(214) 583-2234 Fax Number www.goldfarbllp.com SOURCE Goldfarb LLP
Shares of Benihana (Nasdaq:BNHN) have taken a tremendous swing upward. The stock is trading at $16.15 as of 10:05 a.m. ET, 21.4% above Monday's closing price of $13.30. Volume is at 1.7 million, 31.1 times the daily average of 55,900.
Shares of Benihana (Nasdaq:BNHN) were gapping up Wednesday morning with an open price 16.7% higher than Tuesday's closing price. The stock closed at $14.22 yesterday and opened today's trading at $16.59.