Heinz (HNZ) Merger Shareholder Lawsuit

 

Heinz (HNZ) merger lawsuit summary

H.J. Heinz (HNZ) has agreed to be acquired by a group of investors consisting of Berkshire Hathaway (think Warren Buffet) and privately held 3G Capital. The transaction values Heinz at $23 billion.  HNZ shareholders would receive $72.50 in cash of each share owned. 

The Heinz proposed deal terms raise questions for HNZ shareholders

Is $72.50 fair value for HNZ shareholders?
Have Heinz board members complied with all duties owed to HNZ shareholders?  
Has the Heinz board of directors properly shopped the company to all possible suitors?

Heinz (HNZ) merger shareholder investigation

We are investigating whether the proposed transaction is fair to Heinz shareholders.  The investigation concerns whether the Heinz’s board of directors’ process for consideration of the proposed transaction was adequate, whether Heinz is acting in its shareholders’ best interests and whether the proposed share price to be paid to HNZ shareholders is fair and adequate. 
If you own the common stock of Heinz and 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 fill out the contact form on this web page or call Attorney George Pressly at Morgan & Morgan toll free at 1 (800) 631-6234
Entity Name: 
H.J. Heinz
Stock Symbol: 
HNZ

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