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 and other violations of state law by the Board of Directors of Fogo de Chão, Inc. (Nasdaq: FOGO) (“Fogo de Chão” or the “Company”) relating to the proposed buyout of Fogo de Chão by investment entities affiliated with Rhône Capital (together with its affiliates, “Rhône”) in a transaction valued at approximately $560 million.
Under the terms of the agreement, Fogo de Chão shareholders are anticipated to receive $15.75 in cash for each share of Fogo de Chão common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.
If you currently own common stock of Fogo de Chão and believe that the proposed buyout price is too low, and you would like to learn more about the investigation being conducted, without cost or obligation to you, please contact Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180220006278/en/
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
Source: Brower Piven, A Professional Corporation