Published: September 02, 2010
Rigrodsky & Long, P.A. Investigates Burger King Holdings, Inc. Buyout
WILMINGTON, Del. - (BUSINESS WIRE) - Rigrodsky
& Long, P.A. announces that it is investigating potential claims
against the board of directors of Burger King Holdings, Inc. ("Burger
King" or the "Company" ) (NYSE:BKC)
concerning possible breaches of fiduciary duty and other violations of
law related to the Company's entry into an agreement to be acquired and
taken private by 3G Capital in a transaction valued at approximately $4
billion. (http://www.rigrodskylong.com/news/BurgerKingHoldingsInc.-BKC).
Under the proposed agreement, 3G Capital will shortly commence an
all-cash tender to acquire to acquire 100 percent of the outstanding
common stock of Burger King for $24.00 per Burger King share. In
addition, affiliates of TPG Capital LP, Goldman Sachs Capital Partners
and Bain Capital Investors, which own approximately 31 percent of the
Company's outstanding shares in the aggregate, have entered into
agreements pursuant to which they will tender their shares into the
offer.
The investigation concerns whether Burger Kings's board of directors
failed to adequately shop the Company and obtain the best price possible
for Burger Kings's shareholders before entering into the agreement with
3G Capital. Moreover, Burger King Chairman and CEO, John Chidsey, will
remain through the transition period in his current capacity and
subsequently assume a newly created position of Co-Chairman of the Board.
If you own the common stock of Burger King and purchased your shares
before September 2, 2010, if you have information or would like to learn
more about these claims, or if you wish to discuss these matters or have
any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth
D. Rigrodsky, Esquire or Noah
R. Wortman, Case Development Director, of Rigrodsky & Long, P.A.,
919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at
(888) 969-4242, or by e-mail to info@rigrodskylong.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly litigates securities class, derivative and
direct actions, shareholder rights litigation and corporate governance
litigation, including claims for breach of fiduciary duty and proxy
violations in the Delaware Court of Chancery and in state and federal
courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R.
Wortman, Case Development Director
888-969-4242
302-295-5310
Fax:
302-654-9430
info@rigrodskylong.com
http://www.rigrodskylong.com
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