WILMINGTON, Del.--(BUSINESS WIRE)--
Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of AdvancePierre Foods Holdings, Inc. (NYSE: APFH) (“AdvancePierre Foods” or the “Company”) relating to the sale of the Company to Tyson Foods, Inc. (“Tyson Foods”). On April 25, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Tyson Foods will acquire AdvancePierre Foods in a merger, via a tender offer worth $4.2 billion. As a result of the merger, AdvancePierre Foods’ shareholders are only anticipated to receive $40.25 per share in cash in exchange for each share of AdvancePierre Foods.
Andrews & Springer's investigation so far has revealed that the consideration AdvancePierre Foods’ shareholders are expected to receive is inadequate. While the Company claims that shareholders will receive a premium for their shares, AdvancePierre Foods’ stock has already consistently traded above the $40.25 per share consideration from April 25, 2017 through May 16, 2017, when the Company’s share price closed at $40.31 per share. Our investigation is also looking into whether AdvancePierre Foods’ top executives were conflicted and acted in their own self-interest when approving the merger thus making the process and consideration unfair.
If you own shares of AdvancePierre Foods and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/advancepierre-foods-class-action-investigation/ or contact Craig J. Springer, Esq. at [email protected], or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.
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