FREE Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Whole Earth Brands to Entities Affiliated With its Largest Shareholder

MONSEY, N.Y., Feb. 13, 2024 (GLOBE NEWSWIRE) — The law firm of Wohl & Fruchter LLP is investigating the fairness of the price of $4.875 per share in cash for which Whole Earth Brands, Inc. (Nasdaq: FREE) (“Whole Earth”) has agreed to be sold to an affiliate of Sababa Holdings FREE, LLC (“Sababa”), an entity wholly owned by Sir Martin E. Franklin, Whole Earth’s largest shareholder. The sales price is below the price target of every Wall Street analyst covering Whole Earth (source: TipRanks).

If you remain a Whole Earth shareholder and question the fairness of the price, you may contact our firm at the following link to discuss your legal rights at no charge:

Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.

Why is there an investigation?
On February 13, 2024, Whole Earth announced that it had agreed to be sold to Sababa for $4.875 per share in cash upon the recommendation of a special committee (“Special Committee”) of purportedly independent members of the Whole Earth board of directors (“Board”).

“We are investigating whether the Whole Earth Board acted in the best interests of Whole Earth shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter. “This includes whether the members of the Special Committee were truly independent, whether the price agreed upon is fair to Whole Earth shareholders, and whether all material information regarding the transaction has been fully disclosed.”

Notably, according to TipRanks, the sales price is well below the price targets of every Wall Street analyst covering Whole Earth:

• Michael Piccolo of Imperial Capital (price target: $8.25 per share)
• Robert Dickerson of Jefferies (price target: $7.00 per share)
• Ryan Meyers of Lake Street (price target: $6.00 per share), and
• Robert Burleson of Canaccord Genuity (price target: $5.00 per share).

About Wohl & Fruchter

Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
alerts@wohlfruchter.com
www.wohlfruchter.com