NEW YORK, July 2, 2014 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities and shareholder rights law firm
announces that it is investigating the acquisition of Vitacost.com,
Inc. (NASDAQ: VITC) on behalf of its shareholders. It was announced
that The Kroger Co. and Vitacost.com entered into a definitive
merger agreement under which Kroger will purchase all outstanding
shares of Vitacost.com for $8.00 per
share in cash, or approximately $280
million.
The investigation concerns whether the board of directors of
Vitacost.com engaged in a full and fair auction and process to
insure that shareholders received the maximum value for their
shares, and whether the price of $8
per share is unfairly low. Indeed, analysts have projected that the
true going forward inherent value of the company is worth at least
$10 per share. Further, the company
has no long term debt and its stock price reached a high of
$9.40 per share recently.
If you are a shareholder of Vitacost.com and would like
additional information regarding this matter, at no cost or
expense, please contact us at:
Tripp Levy PLLC
Toll Free: 1-800-511-7037
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC, and its affiliate, Milberg LLP, have recovered
billions of dollars for shareholders in securities actions across
the nation. Attorney advertising. Prior results do not indicate a
similar outcome.
SOURCE Tripp Levy PLLC