TAST Alert: Monsey Firm of Wohl & Fruchter Renews Investigation of the Proposed Sale of Carrols Restaurant Group to Restaurant Brands International
The investigation of the proposed sale was renewed upon the filing of a preliminary proxy by Carrols concerning the proposed sale on March 4, 2024.
- The investigation of the proposed sale was renewed upon the filing of a preliminary proxy by Carrols concerning the proposed sale on March 4, 2024.
- On March 4, 2024, Carrols filed a preliminary proxy (“Proxy”) concerning the proposed sale with the Securities and Exchange Commission.
- This factor raises a concern as to whether any coercion caused the Special Committee to recommend the proposed sale at a sub-optimal price.
- “We are investigating whether the Special Committee of 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.