MILWAUKEE, December 6, 2021 / PRNewswire / – Ademi LLP is investigating Del Taco (Nasdaq: TACO), for possible breaches of fiduciary duty and other violations of law in his transaction with Jack in the Box.
Click here to find out how to join the action: https://www.ademilaw.com/case/del-taco-restaurants-inc or call Guru Ademi toll free at 866-264-3995. There is no cost or obligation for you.
Ademi LLP alleges that the outlook and financial outlook for Del Taco is excellent and yet Del Taco shareholders will only receive $ 12.51 per cash share in a transaction valued at approximately $ 575 million, including existing debt. The merger agreement unreasonably limits competing bids for Del Taco by prohibiting the solicitation of additional bids and imposing a significant penalty if Del Taco accepts a higher bid. Del Taco insiders will receive substantial benefits under the change of control agreements.
We are investigating the conduct of the board of directors of Del Taco, and whether it (i) fulfills its fiduciary obligations to all shareholders, and (ii) obtains a fair and reasonable price for Del Taco.
If you own Del Taco common stock and would like additional information, please contact Guru Ademi either to [emailÂ protected] or toll free: 866-264-3995, or https://www.ademilaw.com/case/del-taco-restaurants-inc.
We specialize in shareholder disputes relating to buyouts, mergers and individual shareholder rights across the country. For more information, do not hesitate to give us a call. Lawyer advertising. Past results do not guarantee similar results.
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SOURCE Ademi LLP