Brazil Fast Food Corp. (OTCMKTS:BOBS): Investigation into Proposed Acquisition Process

Today on Saturday, October 12, 2013, Law office of Brodsky & Smith, LLC announced to investigating potential claims against the Board of Directors of Brazil Fast Food Corporation (OTCMKTS:BOBS) which is the second largest Brazilian fast-food hamburger chain. The law firm is investigating in relation to the proposed acquisition by a consortium of shareholders led by the Company’s Chief Executive Officer Ricardo FigueiredoBomeny. Late in September 2013 Brazil Fast Food announced to have entered into a definitive merger agreement with a consortium of shareholders who controls approximately 74% of the Company’s outstanding shares. The acquisition was proposed to acquire all outstanding shares of the Company for a cash price of $15.50 per share, aggregating to an equity value of $32.55 million.

The investigation, announced by Brodsky & Smith, possibly concerns violations of certain state law by the Company’s Board of Directors for not acting in the best interests of the shareholders with the proposed acquisition transaction. The transaction, potentially undermining the Company’s value would certainly result in a loss for many of its valued shareholders. The stock of Brazil Fast Food Corporation (OTCMKTS:BOBS) was trading around $17.44 per share on September 23rd and even recently its previous closing as on October 11th was just below $16 per share.

The law office of Brodsky & Smith also announced in larger interests of Brazil Fast Food’s shareholders to call or e-mail their respective concerns or questions to discuss the legal ramifications of the proposed acquisition process to which the law firm will attempt to answer without any cost or obligation to concerned shareholders.

Brodsky & Smith, LLC is a litigation law firm with expertise in securities and case action lawsuits. The attorneys at the law firm have been appointed by number of courts across the nation to serve as lead counsel.

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