Faruqi & Faruqi, LLP Investigates Acquisition of NBTY, Inc. - NTY
15 7월 2010 - 11:29PM
Business Wire
Faruqi & Faruqi, LLP, a leading New York securities firm, is
investigating the Board of Directors of NBTY, Inc. (“NBTY" or the
"Company") (NYSE: NTY) for possible breaches of fiduciary duty and
other violations of state law or federal law in connection with
their attempt to sell the Company to private equity firm, Carlyle
Group. Under the terms of the transaction, NBTY shareholders will
only receive $55.00 in cash for each NBTY share of common stock
they own.
The investigation concerns whether the NBTY Board of Directors
breached their fiduciary duties to NBTY stockholders by failing to
conduct an open auction sales process to sell the Company before
entering into this transaction and whether Carlyle Group is
underpaying for NBTY shares to the detriment of NBTY shareholders.
The transaction permits for a go-shop or post-merger market check
that could deliver a higher offer to NBTY shareholders. Some of
NBTY competitors that might be interested in participating in the
go-shop include Nutraceutical International Corp (NasdaqGS:NUTR -
News), Perrigo (NasdaqGS:PRGO - News) and Schiff Nutrition
International (NYSE:WNI - News).
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in NBTY and wish to obtain additional
information, please visit us at http://www.faruqilaw.com/merger.php
or contact Juan E. Monteverde, Esq. either via email at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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