Cases
Sonic Corp. (SONC)
Merger
Overview
Overview
- Date:
- 9/26/2018
- Company Name:
- Sonc Corp.
- Stock Symbol:
- SONC
- Company Name - Buyer:
- Inspire Brands
- Status:
- Closed/Complete
- Merger Announcement Date:
- 9/25/2018
NEW YORK, September 26, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Sonic Corp. (SONC) on behalf of stockholders concerning the proposed acquisition of the company by Inspire Brands.
Pursuant to the proposed transaction, announced on September 25, 2018, Sonic stockholders will receive $43.50 in cash for each share of Sonic common stock owned. The investigation focuses on whether Sonic and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Sonic Corp. shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on September 25, 2018, Sonic stockholders will receive $43.50 in cash for each share of Sonic common stock owned. The investigation focuses on whether Sonic and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Sonic Corp. shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.