New York Metro Superlawyer, Lynda J. Grant, Investigates Synutra Transaction For Potential Breaches of Fiduciary Duty
22 Novembre 2016 - 6:01PM
Business Wire
Lynda J. Grant, an attorney with over 30 years of experience
representing wronged shareholders and consumers and a New York
Metro Superlawyer, announces that TheGrantLawFirm, PLLC is
investigating the acquisition of Synutra International, Inc.
(Nasdaq:SYUT) (“Synutra” or the “Company”) by its controlling
shareholder for $6.05 per share.
On November 17, 2016, Synutra entered into an Agreement and Plan
of Merger (the “Merger”, “Merger Agreement”) with Beams Power
Investment Limited (“Beams”), an entity that currently holds 63.5%
of the Company’s outstanding shares. Beam’s sole shareholder is the
wife of the Synutra’s chairman and chief executive officer, Liang
Zhang. Beam is presently purchasing the remainder of the shares it
does not already own. In the past 15 months, the Company has traded
at prices greater than the offering price. The Company, which
produces and markets baby food in China, is set to take advantage
of China’s recent policy increasing the number of children allowed
to couples.
TheGrantLawFirm is presently investigating whether the Merger is
fair to the Company’s shareholders in light of the potential
conflicts of interest. If you are a shareholder of Synutra and
would like additional information regarding this matter, please
contact Lynda J. Grant at 212-292-4441 or lgrant@grantfirm.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161122005847/en/
TheGrantLawFirm, PLLCLynda J. Grant,
212-292-4441lgrant@grantfirm.com
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