Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of Directors
of Diamond Foods, Inc.
Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Diamond
Foods, Inc. (“Diamond” or the “Company”) (EXCHANGE:DMND) for potential
breaches of fiduciary duties in connection with the sale of the Company
to Snyder’s-Lance for approximately $1.27 billion.
The Company’s stockholders will only receive 0.775 shares of
Snyder’s-Lance common stock and $12.50 in cash, or approximately $40,
for each share of Company common stock they own. However, the offer is
below at least one analyst’s price target of $41.00 per share.
Click here for more information: www.faruqilaw.com/DMND.
There is no cost or obligation to you.
The investigation focuses on whether Diamond’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct a fair sales process and whether and by how much this
proposed transaction undervalues the Company to the detriment of
Diamond’s shareholders.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients.
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If you own common stock in Diamond and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/DMND
or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
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responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
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