NEW YORK, June 24, 2019 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Del Frisco's Restaurant Group, Inc. ("DFRG" or
the "Company") (NASDAQ: DFRG) in connection with the proposed
acquisition of the Company by affiliates of private equity firm L
Catterton ("L Catterton"). Under the terms of the agreement,
DFRG shareholders will receive $8.00
per share in cash for each DFRG share they own.
If you are a shareholder of DFRG who wishes to
discuss the investigation or have any questions about this notice
and your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212)
682-3025
(888)593-4771
stockinfo@weisslawllp.com
Or visit our
website
http://www.weisslawllp.com/del-friscos-restaurant-group-inc/
Or follow us on Twitter
@MarketsAlert
WeissLaw is investigating whether DFRG's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, DFRG shares traded at $9.00,
or $1.00 above the offer price, as
recently as March 7, 2019.
Additionally, the Company announced positive financial results for
the first quarter of 2019. It reported consolidated revenue
of $120.4 million, representing an
impressive 64.1% increase year-over-year when compared to the
$73.3 million reported in the same
quarter of the previous year.
Moreover, according to L Catterton's managing partner,
Andrew Taub, the acquisition will
expand its portfolio to include DFRG's "four outstanding brands in
two distinct and attractive categories."
WeissLaw is also concerned whether the deal creates shareholder
value for DFRG's shareholders. Specifically, WeissLaw is
investigating whether DFRG's Board conducted a fair process in
agreeing to the proposed merger, whether the proposed merger
undervalues the Company, and whether all material information
related to the proposed merger is fully and fairly
disclosed.
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 stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP