October 06, 2014 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL), was announced concerning whether the takeover of Einstein Noah Restaurant Group. by JAB Holding Company for $20.25 per share is unfair to NASDAQ:BAGL stockholders.

The investigation by a law firm concerns whether certain officers and directors of Einstein Noah Restaurant Group, Inc. breached their fiduciary duties owed to NASDAQ:BAGL investors in connection with the proposed acquisition.

On Sep. 29, 2014, Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL) announced an agreement under which an affiliate of JAB Holding Company will acquire Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL) for $20.25 per share in cash, or a total diluted equity value of approximately $374 million.

However, given that Greenlight Capital, Einstein Noah Restaurant Groups largest stockholder with more than 35% of the outstanding common shares, has already agreed to tender its shares in support of the transaction, the investigation concerns whether the offer is unfair to NASDAQ:BAGL stockholders. More specifically, the investigation concerns whether the Einstein Noah Restaurant Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Einstein Noah Restaurant Group, Inc. reported that its Total Revenue rose from $411.71 million for the 52 weeks period that ended on Dec. 28, 2010 to $434.48 million for the 52 weeks period that ended on Dec. 31, 2013 and that its Net Income for those respective time periods increased from $10.62 million to $14.56 million. Shares of Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL) grew from $8.80 per share in late 2009 to as high as $18.07 per share in 2013.