Cases
The Habit Restaurants, Inc.
Merger
Overview
Overview
- Date:
- 1/6/2020
- Company Name:
- The Habit Restaurants, Inc.
- Stock Symbol:
- HABT
- Company Name - Buyer:
- YUM! Brand, Inc.
- Status:
- Closed/Complete
- Merger Announcement Date:
- 1/6/2020
On January 6, 2020 Habit announced that it had signed an agreement to be acquired by YUM! Brands in a deal worth about $375 million. Per the merger agreement Habit stockholders will receive $14 in cash for each share of Habit common stock owned. The deal is scheduled to close in the second quarter of 2020.
Bragar Eagel & Squire is concerned that Habit’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Habit stockholders.
Bragar Eagel & Squire is concerned that Habit’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Habit stockholders.