|[July 03, 2014]
HILLSHIRE BRANDS (HSH) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Hillshire Brands Company
WILMINGTON, Del. --(Business Wire)--
& Springer LLC, a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating
potential breach of fiduciary duty claims against the Board of Directors
of Hillshire Brands Company ("Hillshire" or the "Company") (NYSE: HSH)
relating to the sale of the Company to Tyson Foods, Inc. (NYSE: TSN)
("Tyson Foods"). On July 2, 2014, the two companies announced the
signing of a definitive merger agreement pursuant to which Tyson Foods
will acquire Hillshire in a merger via a tender offer valued at roughly
$8.55 billion. As a result of the merger, Hillshire shareholders are
only anticipated to receive $63 per share in cash in exchange for each
share of Hillshire.
Andrews & Springer's investigation focuses on the process leading up to
the announcement of the merger including whether Hillshire's board of
directors breached their fiduciary duty by failing to adequately shop
the Company and maximize shareholder value. On June 16, 2014, Hillshire
announced that it was withdrawing its acquisition of Pinnacle Foods,
Inc. However, on July 2, 2014, less than a month later, Hillshire
announced it was merging with Tyson Foods. Andrews & Springer is also
investigating the fairness of the sales process conducted by the
Company's financial advisors Goldmn Sachs and Centerview Partners.
If you own shares of Hillshire and want to receive additional
information and protect your investments free of charge, please visit us
or contact Craig J. Springer, Esq. at firstname.lastname@example.org,
or call toll free at 1-800-423-6013. You may also follow us on LinkedIn (News - Alert)
Twitter (News - Alert) - www.twitter.com/AndrewsSpringer
or Facebook (News - Alert) - www.facebook.com/AndrewsSpringer
for future updates.
Andrews & Springer is a boutique securities class action law firm
representing shareholders nationwide who are victims of securities
fraud, breaches of fiduciary duty or corporate misconduct. Having
formerly defended some of the largest financial institutions in the
world, our founding members use their valuable knowledge, experience,
and superior skill for the sole purpose of achieving positive results
for investors. These traits are the hallmarks of our
innovative approach to each case our Firm decides to prosecute. For
more information please visit our website at www.andrewsspringer.com.
This notice may constitute Attorney Advertising.
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