SYNUTRA (SYUT) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Synutra International, Inc.
28 Noviembre 2016 - 7:01AM
Business Wire
Andrews & Springer LLC, a boutique securities class
action law firm focused on representing shareholders nationwide, is
investigating potential breach of fiduciary duty claims against the
Board of Directors of Synutra International, Inc. (NASDAQGS: SYUT)
(“Synutra” or the “Company”) relating to the sale of the Company to
Beams Power Investment Limited, an entity affiliated Liang Zhang,
Synutra’s, chairman, chief executive officer and holder of 63% of
Synutra’s outstanding shares. On November 17, 2016, the two parties
announced the signing of a definitive merger agreement pursuant to
which Beams Power will acquire Synutra in a going private merger.
As a result of the merger, Synutra shareholders are only
anticipated to receive $6.05 per share in cash in exchange for each
share of Synutra.
Andrews & Springer’s investigation so far has revealed that
the consideration Synutra shareholders are expected to receive is
inadequate. While the Company claims that shareholders will receive
a premium for their shares, the deal consideration is significantly
less than the $6.74 price target set by an analyst on Yahoo
Finance! The current $6.05 per share consideration being offered by
Mr. Zhang is currently more than 10% below that target. Our
investigation has also revealed that the process leading up to the
announcement of the merger appears to have significant conflicts of
interest thus making the process and consideration unfair.
If you own shares of Team Health and want to receive additional
information and protect your investments free of charge, please
visit us at
http://www.andrewsspringer.com/cases-investigations/team-health-class-action-investigation/
or contact Craig J. Springer, Esq.
at cspringer@andrewsspringer.com, or call toll free at
1-800-423-6013. You may also follow us on LinkedIn –
www.linkedin.com/company/andrews-&-springer-llc, Twitter –
www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. These traits are the
hallmarks of our innovative approach to each case our Firm
decides to prosecute. For more information please visit our website
at www.andrewsspringer.com. This notice may constitute Attorney
Advertising.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161128005210/en/
Craig J. Springer, Esq.,
1-800-423-6013cspringer@andrewsspringer.com
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