SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by ...
26 Novembre 2012 - 6:33PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Zhongpin Inc. (“Zhongpin” or the “Company”) (Nasdaq: HOGS) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to its Chairman and
Chief Executive Officer, Mr. Xianfu Zhu.
Click here to learn how to join the action:
http://zlk.9nl.com/zhongpin-inc-hogs or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Zhongpin shareholders will
receive $13.50 for each share of Zhongpin stock they own. The
transaction has a total approximate value of $418 million. Zhu and
his partners in the deal own approximately 26% of the Company’s
outstanding shares. The investigation concerns, among other things,
whether the consideration to be paid to Zhongpin shareholders is
unfair, inadequate, and substantially below the fair or inherent
value of Zhongpin. In particular, Zhongpin has a reported a book
value of $14.29 per share for the most recent quarter.
If you own common stock in Zhongpin and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
http://zlk.9nl.com/zhongpin-inc-hogs.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
Grafico Azioni Zhongpin Inc. (MM) (NASDAQ:HOGS)
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