NEW YORK, July 8, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of Highpower
International, Inc. ("Highpower International" or the "Company")
(NASDAQ: HPJ) in connection with the proposed acquisition of the
Company by HPJ Parent Limited, a limited liability company formed
by a consortium of Highpower International executives and directors
(the "Consortium"). Under the terms of the agreement,
Highpower International shareholders will be entitled to receive
$4.80 per share.
If you own Highpower International shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)
593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/highpower-international-inc/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether Highpower International's
Board acted to maximize shareholder value prior to entering into
the acquisition agreement. Notably, at least one analyst set
a target price of $12.86, or nearly
three times the per share offer price. Additionally, HPJ
announced double-digit growth in its unaudited first quarter of
2019 financial reports. It announced a 16.7% annual increase
in net sales, a 16.8% annual increase in Lithium business net
sales, and a remarkable 21.8% annual increase in gross
margin.
WeissLaw is investigating whether Highpower International's
Board conducted a fair process in agreeing to the proposed
acquisition, whether the proposed acquisition undervalues the
Company, and whether all material information related to the
proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP