The Law Office of Joseph Klein is Investigating into the Possible Breaches of Fiduciary Duty by the Board of Matrixx Initiati...
22 Dezembro 2010 - 9:53PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Matrixx Initiatives (NASDAQ: MTXX) for possible
breaches of fiduciary duty and other violations of state law in
connection with the proposal from H.I.G. Capital, LLC. to acquire
all outstanding shares of Matrixx. Under the terms of the proposed
deal, Matrixx shareholders will receive $8.00 in cash per share for
a total transaction value of approximately $75.2 million.
The investigation concerns whether the Matrixx Board of
Directors breached their fiduciary duties to Matrixx stockholders
by failing to adequately shop the Company before entering into this
transaction and whether H.I.G. is underpaying for Matrixx shares.
According to Yahoo! Finance, at least one analyst set a price
target for Matrixx stock at $8.50 per share.
If you own common stock in Matrixx and wish to obtain additional
information, please contact Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/matrixx-initiatives-mtxx.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. Attorney advertising. Prior
results do not guarantee similar outcomes.
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