Mergers & Acquisitions
Maplebear Inc. (d.b.a. Instacart, NasdaqGS: CART)
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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 (lewis.kahn@ksfcounsel.com) toll free at any time at (855) 768-1857, or fill out the form on this page.