DEL TACO RESTAURANTS, INC. MILWAUKEE, Dec. 6, 2021 /PRNewswire/ -- Ademi LLP is investigating Del Taco (Nasdaq: TACO), for possible breaches of fiduciary duty and other violations of law in its transaction with Jack in the Box.
Click here to learn how to join the action: https://www.ademilaw.com/case/del-taco-restaurants-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Del Taco's financial outlook and prospects are excellent and yet Del Taco shareholders will receive only $12.51 per share in cash in a transaction valued at approximately $575 million, including existing debt. The merger agreement unreasonably limits competing bids for Del Taco by prohibiting solicitation of further bids, and imposing a significant penalty if Del Taco accepts a superior bid. Del Taco insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Del Taco's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Del Taco.
If you own Del Taco common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/del-taco-restaurants-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Guri Ademi
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SOURCE Ademi LLP
