NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Blue Buffalo Pet Products, Inc. (NASDAQGS:BUFF) stock prior to February 23, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Blue Buffalo to General Mills, Inc. (NYSE: GIS) for $40 per share. Insiders representing more than 50% of Blue Buffalo’s outstanding shares have already agreed to tender their shares. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of Blue Buffalo breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether General Mills is underpaying for Blue Buffalo shares, thus unlawfully harming Blue Buffalo shareholders. In particular, in the merger announcement Blue Buffalo notes the Company is “the fastest growing major pet food company making natural foods and treats for dogs and cats…” and at least one analyst has set a price target of $52.00 per Blue Buffalo share.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.