SAN DIEGO, Dec. 18, 2017
/PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has
launched an investigation into whether the board members of Amplify
Snack Brands, Inc. ("Amplify") (NYSE: BETR) breached their
fiduciary duties in connection with the proposed sale of the
Company to The Hershey Company (NYSE: HSY) ("Hershey"). Amplify
develops, markets, and distributes better-for-you snack products in
North America and
internationally.
On December 18, 2017, Amplify
announced that it had signed a definitive merger agreement with
Hershey. Under the terms of the agreement, Hershey will acquire
each share of outstanding common stock of Amplify in
exchange for $12.00 per share in cash.
The investigation concerns whether the Amplify board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Amplify
shares of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal represents adequate consideration, especially since
the Company issued shares in its IPO at $18.00 only several years ago.
If you are a shareholder of Amplify and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP