Heinz Shareholder Alert: Briscoe Law Firm And Powers Taylor, LLP Investigate Sale To Berkshire Hathaway And 3G Capital

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of H.J. Heinz Company (“Heinz”) (NYSE: HNZ) to Berkshire Hathaway and 3G Capital for shareholders. Under the terms of the proposed deal valued at approximately $28 billion (including the assumption of debt), Heinz shareholders will receive $72.50 in cash for each share of Heinz stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

The Heinz sale investigation centers on whether Heinz’s shareholders are receiving adequate compensation for their shares in the proposed going private deal, whether the transaction undervalues Heinz’s stock, and whether Heinz’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Patrick Powers, “Based on the size of the deal, the proposed sale price and other factors, we believe this transaction may undervalue Heinz’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Copyright Business Wire 2010

If you liked this article you might like

How to Make a Deal Like Billionaire Investor Warren Buffett

Billionaire Warren Buffett Has Never Sold a Share of Apple

It's the Era of Walmart

Walmart Sells the Cheapest Food: New Study