Jamba, Inc. (JMBA)

[tedkov]

Jamba Shareholders Upset Over Merger Bid and Seek Higher Price - (via NewsPoints Desk)
August 2, 2018
Tags: NewsPoints Jamba Focus Brands United States Corporate Affairs Mergers &
Acquisitions

A group of Jamba Inc. shareholders are attempting
to block the $200 million purchase of the company by Focus Brands Inc.

The shareholders allege that the purchase price of $13 per share is insufficient in light of the company's growth prospects, and that deal-protection clauses in the merger agreement preclude other
companies from submitting successful competing offers. In addition, shareholders allege that senior management obtained personal benefits for their own self interests in agreeing to sell the company that are not being shared with common stockholders.

Jamba did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Jamba for more information as to how you can participate with other shareholders for a higher price at no cost or expense call toll free 800.511.7037 or [e-mail]