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Levi & Korsinsky is investigating the Board of Directors of Popeyes Louisiana Kitchen, Inc. (NASDAQ: PLKI) in connection with the sale of the Company to Restaurant Brands International Inc. (NYSE: QSR). Under the terms of the transaction, Popeyes shareholders will receive $79 for each share of Popeyes stock they own.
The investigation concerns whether the Board of Popeyes breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Restaurant Brands International Inc. is underpaying for Popeyes shares.
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