NEW YORK, Feb. 27, 2015 /PRNewswire/ -- Morgan &
Morgan, P.C. announces that it is investigating potential claims
against the board of directors of Polypore International Inc.
("Polypore" or the "Company") (NYSE: PPO) concerning possible
breaches of fiduciary duty and other violations of law related to
the Company's efforts to sell the Company to Asahi Kasei
Corporation in a transaction valued at approximately $2.2 billion.
If you own shares of Polypore and would like to learn more about
the Polypore investigation, you may contact Morgan & Morgan at
1(800) 732-5200 or email info@morgansecuritieslaw.com.
Under the terms of the agreement, shareholders of Polypore would
receive $60.50 in cash for each share
of Polypore they own. Prior to the acquisition of Polypore, 3M
Company (MMM) will acquire the assets of Polypore's Separations
Media segment for approximately $1.0
billion, and Asahi Kasei will receive the cash proceeds from
the sale.
The investigation concerns whether the Board of Directors of
Polypore failed to act in the shareholders' best interests in
connection with the sale process in breach of their fiduciary
duties and in violation of law.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to shareholder rights, the firm also practices
in the areas of antitrust, personal injury, consumer protection,
overtime, and product liability. All of the Firm's legal endeavors
are rooted in its core mission: provide investor and consumer
protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a
similar outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-732-5200
info@morgansecuritieslaw.com
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SOURCE Morgan & Morgan