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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s” or the “Company”) (NASQAQGS: DFRG) to L Catterton. Under the terms of the deal, affiliates of L Catterton will acquire the Company in an all cash transaction, and Del Frisco’s stockholders will receive $8.00 per share.
The Del Frisco’s merger investigation concerns whether the Board of Del Frisco’s breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether L Catterton is underpaying for Del Frisco’s shares, thus unlawfully harming Del Frisco’s shareholders.
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