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 Blue Buffalo Pet
Products, Inc. ("BUFF" or the "Company") (NASDAQ: BUFF) in
connection with the proposed acquisition of the Company by General
Mills Inc. ("GIS") (NYSE: GIS).
Under the terms of the acquisition agreement, shareholders of
BUFF will receive $40.00 in cash for
each BUFF share they own.
WeissLaw is investigating whether BUFF's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $52.00, or $12.00
above the offer price. Additionally, according to the
acquisition announcement, there are several strategically
compelling and financial benefits for GIS in this transaction,
including:
- Expansion of its brand portfolio with the addition of BUFF, a
leading brand with strong customer base to its product range;
- Entry into the highly attractive $30
billion pet foods market, which has consistently generated
3-4% growth; and
- Meaningful improvements to GIS's growth and margin
profile.
Given these facts, WeissLaw is investigating whether BUFF
shareholders will obtain their fair and proportionate share of the
Company's continued success and future growth prospects. If
you own BUFF 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/blue-buffalo-pet-products-inc/
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SOURCE WeissLaw LLP
