FAT Brands (FAT) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Fat Brands Inc.
December 11, 2020 13:01 ET | Source: Andrews & Springer LLC Andrews & Springer LLC Wilmington, Delaware, UNITED STATES
WILMINGTON, Del., Dec. 11, 2020 (GLOBE NEWSWIRE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of FAT Brands Inc. (NASDAQCM: FAT) (“FAT Brands” or the “Company”) relating to the sale of the Company to Fog Cutter Capital Group Inc. (“Fog Cutter”), which owns and controls over 81% of Fat Brands’ stock. The two parties have announced that they reached an agreement in principle pursuant to which Fog Cutter will acquire Fat Brands in a merger. As a result of the merger, Fat Brands shareholders are only anticipated to receive 0.