NEW YORK, Oct. 27, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Inventure Foods,
Inc. ("SNAK" or the "Company") (NASDAQ: SNAK) in connection with
the proposed acquisition of the Company by private equity firm Utz
Quality Foods, LLC ("Utz"). On October
26, 2017, the Company announced a merger agreement for Utz
to acquire all outstanding shares of SNAK. Under the terms of
the agreement, shareholders of SNAK will receive $4.00 in cash for each SNAK share they
own.
WeissLaw is investigating whether SNAK's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, shares of SNAK traded for $4.50, or $0.50
above the per-share consideration, as recently as October 25, 2017.
Given these facts, WeissLaw is investigating whether SNAK's
Board acted in the best interests of SNAK's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own SNAK shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/inventure-foods-inc/
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SOURCE WeissLaw LLP