We are investigating the fairness of the price of $9.55 per share in cash for which Carrols Restaurant Group, Inc. (Nasdaq: TAST) (“Carrols”) has agreed to be sold to Burger King parent Restaurant Brands International Inc. (“RBI”).
The sales price is below the price targets of $10.00 per share of two analysts: Joshua Long at Stephens, and Jake Bartlett of Truist Financial, according to TipRanks.
If you remain a Carrols shareholder and question the fairness of the price, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.
Why is there an investigation?
On January 16, 2024, Carrols announced that it had agreed to be sold to RBI for $9.55 per share in cash.
“We are investigating whether the Carrols Board of Directors acted in the best interests of Carrols shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the price agreed upon is fair to Carrols shareholders, as well as whether all material information regarding the transaction has been fully disclosed.”
Notably, according to TipRanks, the sales price below the price targets of $10.00 per share of two analysts: Joshua Long at Stephens, and Jake Bartlett of Truist Financial.