The Law Firm of Weiss & Lurie Investigates the Acquisition of Matrixx Initiatives, Inc. by H.I.G. Capital, LLC
14 Dezembro 2010 - 3:11PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by members of the Board of Directors of Matrixx
Initiatives, Inc. (NASDAQ: MTXX) arising from the proposed
acquisition of Matrixx by H.I.G. Capital, LLC.
Under the terms of the transaction, Matrixx shareholders will
receive $8.00 in cash for each share of Matrixx. The total value of
the transaction is approximately $75.2 million.
Weiss & Lurie is investigating whether Matrixx’s Board acted
in the best interests of shareholders in unanimously approving the
proposed transaction and whether Matrixx’s Board properly sought to
maximize shareholder value. On December 14, 2010, an analyst set a
price target of $8.50 per share for Matrixx.
If you own common stock in Matrixx and would like more
information about your rights as a shareholder or additional
information concerning our investigation, please contact Michael A.
Rogovin either by email at infony@weisslurie.com or by telephone at
(888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at infony@weisslurie.com or fill out the form on
our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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