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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Zoe’s Kitchen, Inc. (NYSE: ZOES) to Cava Group, Inc. Under the terms of the transaction, Zoe’s Kitchen shareholders will receive $12.75 in cash for each share of Zoe’s stock they own.
The Zoe’s merger investigation concerns whether the Board of Zoe’s Kitchen breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cava Group, Inc. is underpaying for Zoe’s Kitchen shares, thus unlawfully harming Zoe’s Kitchen shareholders.
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