Robbins Umeda LLP Announces an Investigation of the Acquisition of YoCream International, Inc. by Groupe Danone
Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors (the “Board”) of YoCream International, Inc. (“YoCream” or the “Company”) (OTC: YOCM.PK) in connection with their efforts to sell YoCream to Groupe Danone (“Danone”) (ADR: DANOY.PK). If the transaction is completed, YoCream shareholders will receive approximately $39.82 in cash for each share of YoCream common stock they hold. The transaction is expected to close before December 28, 2010.
Robbins Umeda LLP’s investigation concerns whether YoCream’s Board undertook a fair process to obtain fair consideration for all shareholders of YoCream. Specifically, our investigation concerns whether members of the Company’s Board breached their fiduciary duties to YoCream shareholders by failing to adequately shop the Company before entering into the transaction with Danone.
If you are a shareholder of YoCream, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at email@example.com.