Investigation Overview
December 11, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Keurig Green Mountain Inc (NASDAQ:GMCR), was announced concerning whether the takeover of Keurig Green Mountain Inc by JAB Holding Company for $92.00 per share is unfair to NASDAQ:GMCR stockholders.
The investigation by a law firm concerns whether certain officers and directors of Keurig Green Mountain Inc breached their fiduciary duties owed to NASDAQ:GMCR investors in connection with the proposed acquisition.
On December 7, 2015, Keurig Green Mountain Inc (NASDAQ:GMCR) and JAB Holding Company announced that the companies have entered into a merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for $92.00 per share in cash, or a total equity value of approximately $13.9 billion.
However, given that NASDAQ:GMCR shares traded in early 2015 as high as $137.71 per share and reached as high as $154.27 per share in November 2014, the investigation concerns whether the offer is unfair to NASDAQ:GMCR stockholders. More specifically, the investigation concerns whether the Keurig Green Mountain 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.