Kaskela Law LLC has announced an investigation into Carrols Restaurant Group, Inc. (NASDAQ: TAST) (“Carrols”) on behalf of the company’s shareholders regarding its proposed acquisition by Restaurant Brands International Inc. The investigation seeks to determine whether the proposed acquisition price of $9.55 per share in cash adequately reflects the value of Carrols and whether Carrols’ officers and/or directors breached their fiduciary duties or violated securities laws in agreeing to the acquisition.
On January 16, 2024, Carrols announced its agreement to be acquired by Restaurant Brands International Inc. for $9.55 per share in cash. Following the completion of the acquisition, Carrols’ shareholders will receive cash for their shares, and Carrols’ shares will no longer be publicly traded. Prior to the acquisition announcement, at least one stock analyst had a price target for Carrols’ shares at $13.00 per share.
Carrols shareholders who are concerned about the acquisition are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229–0750, or by email (skaskela@kaskelalaw.com / abell@kaskelalaw.com), or visit https://kaskelalaw.com/cases/carrols-restaurant-group/ for additional information about their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. More information about Kaskela Law LLC can be found at www.kaskelalaw.com.
