SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Coca-Cola Enterprises Inc. And Encourage...
August 06 2015 - 4:30PM
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 Coca-Cola Enterprises Inc. (“CCE”
or the “Company”) (NYSE: CCE) relating to the proposed buyout of
the Company by Coca-Cola Erfrischungsgetranke AG and Coca-Cola
Iberian Partners SA.
Under the terms of the transaction, CCE shareholders are
anticipated to receive $14.50 in cash, and one share of the
post-merger entity, for each share of Coca-Cola Enterprises they
own, the value of which is equivalent to $66.34 per share of
Coca-Cola Enterprises.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of CCE and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20150806006449/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley Road / Stevenson, Maryland
21153hoffman@browerpiven.com
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