Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of The Habit Restaurants, Inc. (“Habit” or the “Company”) (NASDAQ: HABT) to Yum! Brands, Inc. (“Yum! Brands”) (NYSE: YUM). Under the terms of the agreement, Yum! Brands will acquire all of the issued and outstanding common shares of Habit for $14 per share in cash.
The Habit merger investigation concerns whether the Board of Habit breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Yum! Brands is underpaying for Habit shares, thus unlawfully harming Habit shareholders.
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