Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether The Habit Restaurants, Inc. has obtained a Fair Price in its sa...

MILWAUKEE, Jan. 6, 2020 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating The Habit Restaurants Inc. (Nasdaq: HABT) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of The Habit Restaurants to Yum! Brands.

Click here to learn how to join the action: http://ademilaw.com/case/habit-restaurants-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges The Habit Restaurants' financial outlook is improving and yet shareholders will receive only $14 in cash per share of The Habit Restaurants. The merger agreement unreasonably limits competing bids for The Habit Restaurants by prohibiting solicitation of further bids, and imposing a termination penalty if The Habit Restaurants accepts a superior bid. The Habit Restaurants insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of The Habit Restaurants' board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for The Habit Restaurants.

If you own common stock in The Habit Restaurants and wish to obtain additional information, please contact Guri Ademi either at [e-mail] or toll-free: 866-264-3995, or http://ademilaw.com/case/habit-restaurants-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: [phone]
Fax: [phone]

 

View original content:http://www.prnewswire.com/news-releases/shareholder-alert-ademi--oreilly-llp-investigates-whether-the-habit-restaurants-inc-has-obtained-a-fair-price-in-its-sale-to-yum-brands-inc-300981749.html

SOURCE Ademi & O'Reilly, LLP

Copyright 2020 PR Newswire