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Jamba, Inc. (NASDAQ: JMBA) Investor Lawsuit Filed Against Acquisition By Focus Brands Inc

  • Investors who purchased shares of Jamba, Inc. (NASDAQ: JMBA) 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
Jamba, Inc.
Security
NASDAQ: JMBA

Case Name
Jamba Deal Case
Type of Lawsuit
Mergers and Acquisition
Court of Filing
U.S. District Court for the District of Delaware

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Summary

September 14, 2018 - The case was voluntarily dismissed.
August 23, 2018 - An investor, who currently holds shares of Jamba, Inc. (NASDAQ: JMBA), filed a lawsuit against the takeover of Jamba, Inc. by Focus Brands Inc is unfair to NASDAQ: JMBA stockholders.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: JMBA stockholders by agreeing to sell Jamba, Inc. cheaply via an unfair process.

Frisco, TX based Jamba, Inc., through its subsidiary, Jamba Juice Company, owns, operates, and franchises Jamba Juice stores. On Aug. 2, 2018-- Focus Brands Inc. and Jamba, Inc. (NASDAQ: JMBA) announced that the companies have entered into a merger agreement under which Focus Brands Inc. will acquire Jamba, Inc. (NASDAQ: JMBA) for $13.00 per share in cash, in a transaction valued at approximately $200 million.

However, plaintiff claims that the proposed consideration NASDAQ: JMBA shareholders will receive is grossly inadequate and undervalues Jamba. In addition, the plaintiff alleges that the process is also unfair NASDAQ: JMBA stockholders