TAST Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Carrols Restaurant Group to Restaurant Brands International

MONSEY, New York, Jan. 16, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $9.55 per share in cash for which Carrols Restaurant Group, Inc. (Nasdaq: TAST) (“Carrols”) has agreed to be sold to Restaurant Brands International Inc. (“RBI”), the parent company of Burger King.

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GlobeNewswire, Inc.

Retrieved on:

Tuesday, January 16, 2024

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Tags:

Truist Financial, Sale, RBI, TipRanks, Truist, Wohl, Carrols Restaurant Group, Burger King

Geotags:

MONSEY, NY, US, NEW YORK

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Stock Symbol:

NASDAQ:TAST

Summary

Key Points:

MONSEY, New York, Jan. 16, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $9.55 per share in cash for which Carrols Restaurant Group, Inc. (Nasdaq: TAST) (“Carrols”) has agreed to be sold to Restaurant Brands International Inc. (“RBI”), the parent company of Burger King.
The sales price is below the price targets of $10.00 per share of two analysts: Joshua Long at Stephens, and Jake Bartlett of Truist Financial (source: TipRanks).
On January 16, 2024, Carrols announced that it had agreed to be sold to RBI for $9.55 per share in cash.
“We are investigating whether the Carrols Board of Directors acted in the best interests of Carrols shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.

MONSEY, New York, Jan. 16, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $9.55 per share in cash for which Carrols Restaurant Group, Inc. (Nasdaq: TAST) (“Carrols”) has agreed to be sold to Restaurant Brands International Inc. (“RBI”), the parent company of Burger King.

The sales price is below the price targets of $10.00 per share of two analysts: Joshua Long at Stephens, and Jake Bartlett of Truist Financial (source: TipRanks).

If you remain a Carrols shareholder and question the fairness of the price, you may contact our firm at the following link to discuss your legal rights at no charge:

https://wohlfruchter.com/cases/carrols-restaurant-group/

Alternatively, you may contact us by phone at 866-833-6245, or via email at [email protected].

Why is there an investigation?
On January 16, 2024, Carrols announced that it had agreed to be sold to RBI for $9.55 per share in cash.

“We are investigating whether the Carrols Board of Directors acted in the best interests of Carrols shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the price agreed upon is fair to Carrols shareholders, as well as whether all material information regarding the transaction has been fully disclosed.”

Notably, according to TipRanks, the sales price is below the price targets of $10.00 per share of two analysts: Joshua Long at Stephens, and Jake Bartlett of Truist Financial.

About Wohl & Fruchter

Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
[email protected]
www.wohlfruchter.com