Diversified Restaurant Holdings, Inc.
(NASDAQ CM: SAUC)
Attention investors who purchased shares of Diversified Restaurant Holdings, Inc. before November 6, 2019:
Rigrodsky & Long is investigating potential claims against the board of directors of Diversified Restaurant Holdings, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to be acquired by ICV Partners, LLC for $1.05 per share, or approximately $130 million.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Diversified Restaurant Holdings, Inc. (“DRH” or the “Company”) (NASDAQ CM: SAUC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by investment entities affiliated with ICV Partners, LLC (together with its affiliates, “ICV”) in a transaction valued at approximately $130 million. Under the terms of the agreement, shareholders of DRH will receive $1.05 in cash for each share of DRH they own.
If you own common stock of DRH and purchased any shares before November 6, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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