NEW YORK, Feb. 26, 2015 /PRNewswire/ -- The fairness of the
proposed acquisition of Polypore International, Inc. ("PPO" or the
"Company") by Asahi Kasei Corporation ("Asahi Kasei") is being
investigated by WeissLaw LLP, a national class action, shareholder
rights law firm. The investigation focuses on possible
breaches of fiduciary duty and other violations of law by the Board
of Directors of PPO for agreeing to sell the Company to Asahi
Kasei. On February 23, 2015, the
Company announced a definitive agreement for Asahi Kasei to acquire
PPO in a transaction valued at approximately $3.2 billion. Under the terms of the agreement,
PPO shareholders will receive $60.50
in cash for each PPO share they own.
WeissLaw is investigating whether PPO's Board acted to maximize
shareholder value prior to entering into the agreement. Notably, at
least one analyst set a price target of $61.00 per share, or $0.50 above the offer price.
Given these facts, WeissLaw is investigating whether PPO's Board
acted in the best interests of PPO's public shareholders by
actively shopping the Company to maximize shareholder value prior
to entering into the agreement with Asahi Kasei. If you own PPO
shares and would like more information about your rights or our
investigation, or if you have information to share with us, please
contact Joshua Rubin or Kelly Keenan by telephone at (888) 593-4771
or by email at stockinfo@weisslawllp.com.
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 or fill out the form on our
website,
http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a
similar outcome.
WeissLaw LLP
Joshua Rubin
Kelly Keenan
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP