NEW YORK, Oct. 5, 2012 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of Feihe International Inc. ("Feihe"
or the "Company") (NYSE: ADY) concerning the proposed acquisition
of the Company by You-Bin Leng, its Chairman and CEO and an
affiliate of Morgan Stanley Private Equity Asia in a transaction
valued at approximately $146
million.
(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO
)
Under the terms of the proposed transaction, Feihe shareholders
would receive $7.40 per share in
cash, substantially below the Company's reported book value.
Leng currently owns approximately 45% of the Company's common
stock.
Our investigation concerns whether the Feihe board of directors
is fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company shareholders.
If you own Feihe shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website:http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2012 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP
