TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Amplify Snack Brands Inc (NYSE:BETR) Investor Lawsuit Against Acquisition Filed

  • If you purchased shares of Amplify Snack Brands Inc (NYSE:BETR), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
Amplify Snack Brands Inc
Security
NYSE: BETR

Case Name
Amplify Snack Brands Deal Case 01/10/2018
Type of Lawsuit
Mergers and Acquisition
Class Period Begin
Class Period End
You must register or login to receive notifications.

Click here to subscribe to Amplify Snack Brands Inc.
Summary

March 26, 2018 - The case was voluntarily dismissed.
January 5, 2018 - An investor, who currently holds shares of Amplify Snack Brands Inc (NYSE:BETR), filed a lawsuit in effort to halt the proposed takeover of Amplify Snack Brands Inc. by the Hershey Company for $12.00 per share.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:BETR stockholders by agreeing to sell Amplify Snack Brands Inc nc cheaply via an unfair process to the Hershey Company.

Austin, TX based Amplify Snack Brands, Inc. is a snack food company focused on developing and marketing products that appeal to consumers' growing preference for better-for-you (BFY) snacks. On December 18, 2017, the Hershey Company (NYSE:HSY) and Amplify Snack Brands, Inc. (NYSE:BETR) announced that they have entered into an agreement under which Hershey will acquire all outstanding shares of Amplify for $12.00 per share in cash.

However, plaintiff claims that the proposed consideration NYSE:BETR shareholders will receive is grossly inadequate and undervalues Amplify Snack Brands. Amplify Snack Brands Inc reported that its annual Total Revenue rose from $183.91 million in 2015 to $270.81 million in 2016 and that its respective Net Income increased from $9.88 million in 2015 to $27.29 million in 2016. Shares of Amplify Snack Brands Inc (NYSE:BETR) reached in 2016 as high as $16.95 per share. In addition, the plaintiff alleges that the process is also unfair NYSE:BETR stockholders.