|[April 15, 2014]
SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Morgan's Foods, Inc. over the Proposed Sale of the Company to Apex Restaurant Management, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Morgan's Foods, Inc.
("Morgan's Food" or the "Company") (Other OTC: MRFD) and other
violations of state law by the board of directors of Morgan's Foods
relating to the proposed buyout of the Company by Apex (News - Alert) Restaurant
Management, Inc. ("Apex").
Under the terms of the transaction, Morgan's Foods shareholders will
receive $5.00 in cash for each share of Morgan's Foods stock they own.
The firm's investigation seeks to determine, amog other things, whether
the Company's board of directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into this
transaction, and whether Apex is underpaying for Morgan's Foods shares.
If you currently own common stock of Morgan's Foods and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616. Attorneys at Brower Piven together
have more than a century of experience litigating securities and other
class action cases.
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