NEW YORK, Dec. 21, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Amplify Snack Brands
Inc. ("BETR" or the "Company") (NYSE: BETR) in connection with the
proposed acquisition of the Company by The Hershey Company ("HSY")
(NYSE: HSY). Under the terms of the acquisition agreement,
the Company's shareholders will receive $12.00 for each BETR share they own.
WeissLaw is investigating whether BETR's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the Company recently announced positive financial results
for the third quarter of 2017. BETR reported net sales of
$94.9 million and gross profit of
$35.9 million, which represents
annual growth of 39.5% and 37.9% respectively.
Additionally, the acquisition is a strategic transaction from
which HSY will greatly benefit. According to the acquisition
announcement, this deal is expected to be accretive to HSY's
financial targets. HSY is hoping to capitalize on BETR's
strong performance in the fast-growing better-for-you product
category, strengthen its position in the snacking aisle and broaden
its portfolio.
Given these facts, WeissLaw is investigating whether BETR's
Board acted in the best interests of BETR's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own BETR shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/amplify-brands-inc/
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SOURCE WeissLaw LLP