NEW YORK--(BUSINESS WIRE)-- Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Fogo de Chao, Inc. (NASDAQ:FOGO) stockholders concerning the proposed acquisition of the company by Rhône Capital. Our investigation concerns whether Fogo de Chao’s board of directors failed to adequately shop the company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Rhône Capital. Under the terms of the agreement, Fogo de Chao stockholders will receive will r...
NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Fogo de Chão, Inc. (“Fogo” or the “Company”) (NasdaqGS: FOGO) to investment entities affiliated with Rhône Capital. Under the terms of the proposed transaction, shareholders of Fogo will receive only $15.75 in cash for each share of Fogo that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Fogo de Chão, Inc. (“Fogo de Chão”) (NASDAQ: FOGO) concerning the acquisition by investment entities affiliated with Rhône Capital. Under the terms of the agreement, valued at approximately $560 million, Fogo de Chão shareholders will only receive $15.75 per Fogo de Chão share owned. The consideration is lower than at least one analyst’s estimated value of $16.00....
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Fogo de Chão, Inc. (NASDAQ: FOGO) stock prior to February 20, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Fogo to affiliates of Rhône Capital for $15.75 per share. Insiders collectively holding more than 60% of Fogo’s shares have agreed to tender their shares. To learn more about the action and your rights, ...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Fogo de Chão, Inc. (Nasdaq: FOGO) (“Fogo de Chão” or the “Company”) relating to the proposed buyout of Fogo de Chão by investment entities affiliated with Rhône Capital (together with its affiliates, “Rhône”) in a transaction valued at approximately $560 million. Under the terms of...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Fogo de Chão, Inc. (NASDAQ GS: FOGO)? Did you purchase any of your shares prior to February 20, 2018? Do you think the proposed buyout is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Fogo de Chão, Inc. (“Fogo” or the “Company”) (NASDAQ GS: FOGO) regardin...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Fogo de Chão, Inc. (NASDAQ: FOGO) stock prior to February 20, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Fogo to affiliates of Rhône Capital for $15.75 per share. Insiders collectively holding more than 60% of Fogo’s shares have agreed to tender their shares. To learn more about the action and your rights, ...
DALLAS--(BUSINESS WIRE)-- Fogo de Chão, Inc. (NASDAQ:FOGO) today reported financial results for its 13-week fiscal third quarter ended October 1, 2017. Key Highlights for the Third Quarter of 2017 compared to the Third Quarter of 2016 Include: Total revenue was $71.4 million, which represents 3.5% growth on a reported basis and 5.1% growth on a constant currency basis(1) excluding the benefit of the 2016 Summer Olympics. Total revenue was negatively impacted by approximately $0.9 million a...
Two Directors at Fogo De Chao Inc sold 1,350,000 shares at 14.000USD. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
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