MILWAUKEE, Nov. 6, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Diversified Restaurant (Nasdaq:
SAUC) for possible breaches of
fiduciary duty and other violations of the law in connection with
the sale of Diversified Restaurant to the ICV.
Click here to learn how to join the action:
http://ademilaw.com/case/diversified-restaurant-holdings-inc or
call Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Diversified Restaurant's
financial outlook is improving and yet shareholders will receive
only $1.05. The merger agreement
unreasonably limits competing bids for Diversified Restaurant by
prohibiting solicitation of further bids, and imposing a
termination penalty if Diversified Restaurant accepts a superior
bid. Diversified Restaurant insiders will receive millions of
dollars as part of change of control arrangements. We are
investigating the conduct of Diversified Restaurant's board of
directors, and whether they are (i) fulfilling their fiduciary
duties to all shareholders, and (ii) obtaining a fair and
reasonable price for Diversified Restaurant.
If you own common stock in Diversified Restaurant and wish to
obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or
toll-free: 866-264-3995, or
http://ademilaw.com/case/diversified-restaurant-holdings-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: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP
