Zoe's Kitchen, Inc. (ZOES)

[tedkov]

Zoe’s Kitchen Shareholders Upset Over Merger Bid and Seek a Higher Price - (via Business Journal)
August 17, 2018
Tags: NewsPoints Zoe’s Kitchen CAVA United States Corporate Affairs Mergers &
Acquisitions

A group of Zoe’s Kitchen, Inc. shareholders are attempting
to block the $300 million purchase of the company by Cava Group Inc.

The shareholders allege that the purchase price of $12.75 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. Indeed the book value of the company alone is less than 2x the acquisition price and the stock hit a high of $17.65 per share this past year. 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.

Zoe’s Kitchen did not immediately respond to requests for a comment.
To contact the law firm on behalf of shareholders of
Zoe’s Kitchen 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]