Castle Brands Inc.
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CASTLE BRANDS MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF CASTLE BRANDS INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – ROX
August 28, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Castle Brands Inc. (NYSE: ROX) to Pernod Ricard for $1.27 per share is fair to Castle Brands shareholders. On behalf of Castle Brands shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The Castle Brands merger investigation concerns whether Castle Brands and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Castle Brands shareholders; (2) determine whether Pernod Ricard is underpaying for Castle Brands; and (3) disclose all material information necessary for Castle Brands shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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