FREE Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Whole Earth Brands to Entities Affiliated With its Largest Shareholder
MONSEY, N.Y., Feb. 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $4.875 per share in cash for which Whole Earth Brands, Inc. (Nasdaq: FREE) (“Whole Earth”) has agreed to be sold to an affiliate of Sababa Holdings FREE, LLC (“Sababa”), an entity wholly owned by Sir Martin E. Franklin, Whole Earth’s largest shareholder.
- MONSEY, N.Y., Feb. 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $4.875 per share in cash for which Whole Earth Brands, Inc. (Nasdaq: FREE) (“Whole Earth”) has agreed to be sold to an affiliate of Sababa Holdings FREE, LLC (“Sababa”), an entity wholly owned by Sir Martin E. Franklin, Whole Earth’s largest shareholder.
- The sales price is below the price target of every Wall Street analyst covering Whole Earth (source: TipRanks).
- If you remain a Whole Earth 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:
Alternatively, you may contact us by phone at 866-833-6245, or via email at [email protected] . - “We are investigating whether the Whole Earth Board acted in the best interests of Whole Earth shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.