Law Office of Brodsky & Smith, LLC Announces Investigation of Young Innovations, Inc.
15 Diciembre 2012 - 11:00AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Young Innovations, Inc. (“Young” or the “Company”) (Nasdaq: YDNT)
relating to the proposed acquisition by Linden Capital Partners
(“Linden”).
Under the terms of the transaction, Young shareholders will
receive only $39.50 in cash for each share of Young stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Young
for not acting in the Company’s shareholders' best interests in
connection with the sale process to Linden. The transaction may
undervalue the Company and will not result in a substantial gain
for many shareholders. For example Young stock traded at $39.79 on
September 27, 2012 and $39.95 as recently as December 4, 2012. In
addition, Young may solicit competing bids only through January 12,
2013.
If you own shares of Young stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/513-ydnt-young-innovations-inc.html, by
calling toll free 877-LEGAL-90.
Young Innovations, Inc. (MM) (NASDAQ:YDNT)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Young Innovations, Inc. (MM) (NASDAQ:YDNT)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Young Innovations, Inc. (MM) (NASDAQ): 0 recent articles
Más de Brodsky & Smith, LLC Artículos de Noticias