ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

FOGO Fogo de Chao, Inc. (delisted)

15.75
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Fogo de Chao, Inc. (delisted) NASDAQ:FOGO NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 15.75 15.70 15.80 0 01:00:00

WeissLaw LLP: Proposed Acquisition of Fogo De Chão, Inc. May Not Be In The Best Interest of FOGO Shareholders

28/02/2018 6:18pm

PR Newswire (US)


FOGO DE CHAO, INC. (NASDAQ:FOGO)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more FOGO DE CHAO, INC. Charts.

NEW YORK, Feb. 28, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Fogo De Chão, Inc. ("FOGO" or the "Company") (NASDAQ: FOGO) in connection with the proposed acquisition of the Company by affiliates of Rhône Capital LLC.  Under the terms of the acquisition agreement, the Company's shareholders will receive $15.75 for each FOGO share they own.

WeissLaw is investigating whether FOGO's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, the per-share offer is $1.30 less than the Company's 52-week high of $17.05.  Additionally, the Company recently announced its preliminary results for the fourth quarter of 2017.  It reported total revenue of $88.8 million, representing growth of $17.5 million, or 25%, sequentially. 

Given these facts, WeissLaw is investigating whether FOGO's Board acted in the best interests of FOGO's public shareholders to maximize shareholder value prior to entering into the agreement.  If you own FOGO shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/fogo-de-chao-inc/

 

Cision View original content:http://www.prnewswire.com/news-releases/weisslaw-llp-proposed-acquisition-of-fogo-de-chao-inc-may-not-be-in-the-best-interest-of-fogo-shareholders-300605985.html

SOURCE WeissLaw LLP

Copyright 2018 PR Newswire

1 Year FOGO DE CHAO, INC. Chart

1 Year FOGO DE CHAO, INC. Chart

1 Month FOGO DE CHAO, INC. Chart

1 Month FOGO DE CHAO, INC. Chart