NBTY, Inc. Board Being Investigated by The Law Office of Joseph Klein Following Bid By The Carlyle Group - NTY
15 Luglio 2010 - 6:40PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of NBTY, Inc. (NYSE: NTY) for possible breaches of
fiduciary duty and other violations of state law in connection with
their attempt to sell the Company to The Carlyle Group ("Carlyle").
Under the terms of the transaction, NBTY shareholders will receive
$55.00 in cash for each NBTY share of common stock they own for a
total transaction value of approximately $3.8 billion.
For the quarter ending March 31, 2010, NBTY reported total
revenue of $705.160 million and net income of $46.656 million as
compared to total revenue and net income of $595.553 million and
$23.070 million, respectively, for the same quarter in the prior
year. The investigation concerns whether the NBTY Board of
Directors breached their fiduciary duties to NBTY stockholders by
failing to adequately shop the Company before entering into this
transaction and whether Carlyle is underpaying for NBTY shares,
thus unlawfully harming NBTY stockholders. In particular, the offer
price is only a marginal premium over the $51.00 price the
Company's shares traded at as recently as April 15, 2010.
If you own common stock in NBTY and wish to obtain additional
information about this investigation and what is being done to
advance the shareholders’ interests, please contact Joseph Klein,
Esq. directly, via email at jk@jkleinlawfirm.com, by telephone at
718-947-0005, Toll Free: 877-STOK-180, or
http://www.jkleinlawfirm.com/nbty-nty.html. All consultations are
confidential and free of charge.
To share your views on the proposed merger transaction and to
see how other shareholders plan on voting, go to
http://buyoutorsellout.com/web/mergers/nbty.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation.
Grafico Azioni N B T Y (NYSE:NTY)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni N B T Y (NYSE:NTY)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Nbty Inc. (Borsa di New York (NYSE)): 0 articoli recenti
Più The Law Office of Joseph Klein Articoli Notizie