NEW YORK, May 22, 2015 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of Frisch's
Restaurants Inc. ("Frisch's" or the "Company") (NYSE: FRS) (ISIN:
US3587481017) (CUSIP: 358748101) concerning the proposed
acquisition of Frisch's by an affiliate of NRD Partners I,
L.P..
Frisch's shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The investigation concerns whether the Frisch's directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of
the proposed transaction, Frisch's shareholders will receive
$34.00 per share in cash for each
share of Frisch's common stock. However, the EBIT, EBITDA,
and book value multiples are below the averages of comparable
transactions, according to a Bloomberg analysis.
Pomerantz LLP, with offices in New
York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz LLP pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz LLP continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate
misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See
www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP