Dr Pepper (DPS) Alert: Johnson Fistel Investigates Proposed Merger of Dr Pepper Snapple Group, Inc.; Are Shareholders Getting a Fair Deal?
SAN DIEGO, Jan. 30, 2018 /PRNewswire/ — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Dr Pepper Snapple Group, Inc. (NYSE: DPS) (“Dr Pepper”) breached their fiduciary duties in connection with the proposed merger of the Company with Keurig Green Mountain, Inc. (“Keurig”).
On January 29, 2018, Dr Pepper announced that it had signed a definitive merger agreement with Keurig. Under the terms of the agreement, Dr Pepper shareholders will receive $103.75 per share in a special cash dividend and retain 13% of the combined company.
The investigation concerns whether the Dr Pepper board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the merger and whether the board obtained the best price possible for Dr Pepper shares of common stock.
If you are a shareholder of Dr Pepper and believe the proposed merger price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson Fistel, LLP