WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Inventure Foods, Inc. (“SNAK” or the “Company”) (NASDAQ: SNAK) in connection with the proposed acquisition of the Company by private equity firm Utz Quality Foods, LLC (“Utz”). On October 26, 2017, the Company announced a merger agreement for Utz to acquire all outstanding shares of SNAK. Under the terms of the agreement, shareholders of SNAK will receive $4.00 in cash for each SNAK share they own.
WeissLaw is investigating whether SNAK’s Board acted to maximize shareholder value prior to entering into the agreement. Notably, shares of SNAK traded for $4.50, or $0.50 above the per-share consideration, as recently as October 25, 2017.
Given these facts, WeissLaw is investigating whether SNAK’s Board acted in the best interests of SNAK’s public shareholders to maximize shareholder value prior to entering into the agreement. If you own SNAK shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/inventure-foods-inc/