TAST - TAST Alert: Monsey Firm of Wohl & Fruchter Renews Investigation of the Proposed Sale of Carrols Restaurant Group to Restaurant Brands International | Benzinga
MONSEY, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation into 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.
Carrols is the largest Burger King franchisee in the United States. Affiliates of RBI and Burger King own 100% of Carrols Series D Convertible Preferred Stock, which is presently convertible into 9,414,580 shares of Carrols common stock, or 14.6% of Carrols outstanding common shares as of March 1, 2024. These affiliates have special rights, as detailed below.
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.
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 ...