Maplebear Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Maplebear Inc. d.b.a. Instacart – CART
NEW YORK CITY & NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Maplebear Inc. (d.b.a. Instacart, NasdaqGS: CART) to DoorDash, Inc. (NasdaqGS: DASH). Under the terms of the proposed transaction, Instacart shareholders will have the right to elect to receive, for each Instacart share: (i) $65.00 in cash, (ii) 0.3372 shares of DoorDash common stock, or (iii) a mix of $48.75 in cash and 0.0843 shares of DoorDash common stock. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at (833) 538-3612, or visit https://www.ksfcounsel.com/cases/nasdaqgs-cart/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
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Kahn Swick & Foti, LLC
Lewis S. Kahn, Managing Partner
[email protected]
1100 Poydras St., Suite 960
New Orleans, LA 70163
(833) 538-3612
KEYWORDS: United States North America Louisiana New York
INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal
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