VITACOST ALERT: Proposed Sale of Vitacost.com, Inc. Being Investigated by Johnson & Weaver, LLP
02 7월 2014 - 10:13PM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP has
launched an investigation into whether the board members of
Vitacost.com, Inc. (NASDAQ: VITC), breached their fiduciary duties
in connection with the proposed $280 million sale of the company to
The Kroger Co.
Additional Information:
Vitacost operates as an online retailer of health and wellness
products primarily in North America.
On July 2, 2014, Vitacost and Kroger entered into an agreement
whereby Kroger will acquire Vitacost. Under the terms of the
agreement, Kroger will purchase all outstanding shares of
Vitacost.com for $8.00 per share in cash, or approximately $280
million.
Nationally recognized Johnson & Weaver, which focuses its
practice on shareholder rights, is investigating whether the
proposed $8.00 per share deal price represents adequate
consideration. Vitacost stock traded at $9.40 in 2013.
Additionally, one Wall Street analyst has a $10.00 per share price
target.
If you are a shareholder of Vitacost and believe (1) the
proposed buyout price is too low and (2) you’re interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California and New York. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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