NEW YORK--(BUSINESS WIRE)--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The Fresh Market, Inc. (“Fresh Market” or the “Company”) (NASDAQ:TFM) for potential breaches of fiduciary duties in connection with the sale of the Company to Apollo Global Management for approximately $1.36 billion in a tender offer.
The Company’s stockholders will only receive $28.50 in cash for each share of Company common stock they own. However, the offer is below at least one analyst target price of $44 per share and the 52-week high of $41.70 per share.
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The investigation focuses on whether Fresh Market’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Fresh Market’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. Follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Fresh Market and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/TFM contact Juan Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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