NEW YORK, Oct. 3, 2012 /PRNewswire/ -- Tripp Levy
PLLC, a leading national securities law firm, announces that it is
investigating the acquisition of Feihe International, Inc. (NYSE:
ADY) by its Chairman and CEO. Feihe announced that its Board
of Directors has received a proposal from Mr. You-Bin Leng ("Mr.
Leng"), the Company's Chairman and Chief Executive Officer, and an
affiliate of Morgan Stanley Private Equity Asia to acquire all of
the outstanding shares of common stock of the Company not currently
owned by Mr. Leng (and possibly other rollover shareholders) in a
going private transaction for $7.40
per share of common stock in cash. Mr. Leng currently owns
45.34% of the Company's common stock.
The investigation concerns whether Mr. Leng and the board of
directors of Feihe breached their fiduciary duties in allowing Mr.
Leng to acquire the company for an unfairly low price.
Indeed, the company's book value alone is $9.54 per share, and analysts have projected the
company's true inherent value is in excess of $9 per share.
If you are a shareholder of Feihe and would like additional
information concerning this matter and your rights as a
shareholder, please contact us toll free at 877-772-3975 or email
at contact@tripplevy.com
Tripp Levy PLLC is a leading national law firm and has recovered
millions of dollars for shareholders in similar actions around the
globe. Attorney advertising – prior results do not guarantee
a similar outcome.
Tripp Levy PLLC
877-772-3975
contact@tripplevy.com
www.tripplevy.com
SOURCE Tripp Levy PLLC
