NEW YORK, Oct. 26, 2017 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of Inventure Foods, Inc. (NASDAQ: SNAK) ("Inventure" or the "Company") on behalf of its shareholders. Inventure announced that it has entered into a definitive agreement to be acquired by Utz Quality Foods, LLC in a cash deal valued at approximately $165 million. Utz will acquire Inventure for $4.00 per share.
Our investigation seeks to determine whether the offer price of only $4.00 per share unfairly under-values the true going forward inherent value of Inventure and that shareholders may not be receiving the maximum value for their shares. Indeed, the stock closed at $4.47 per share the day prior to the announcement, and hit a high of $10.15 per share within the past year. The investigation further seeks to determine whether Inventure's senior management is entering into this deal for their own self-interests to the detriment of the Company's shareholders.
If you are a shareholder of Inventure and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
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