Carrols Restaurant Group, Inc.

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Ademi LLP is investigating Carrols (NASDAQ: TAST)  for possible breaches of fiduciary duty and other violations of law in its transaction with Restaurant Brands.

In the transaction, Carrols stockholders will receive only $9.55 per share and implies a total enterprise value of approximately $1.0 billion. The transaction agreement unreasonably limits competing transactions for Carrols by imposing a significant penalty if Carrols accepts a competing bid. Carrols insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Carrols’ board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.