POLYPORE INTERNATIONAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
February 26 2015 - 3:00PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Polypore
International, Inc. (NYSE: PPO)?
- Did you purchase any of your shares
prior to February 23, 2015?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Polypore
International, Inc. (“Polypore” or the “Company”) (NYSE: PPO)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Asahi Kasei Corporation (“Asahi Kasei”), in a
transaction valued at approximately $2.2 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/polypore-international-inc-ppo.
Under the terms of the agreement, public shareholders of
Polypore would receive $60.50 in cash for each share of Polypore
they own. Immediately prior to Asahi Kasei's acquisition of
Polypore, 3M Company, 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 asset sale.
The investigation concerns whether Polypore’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Polypore’s shareholders before entering into an agreement
with Asahi Kasei. According to Yahoo! Finance, at least one analyst
has issued a price target for Polypore stock at $62.00 per
share.
If you own the common stock of Polypore and purchased your
shares before February 23, 2015, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/polypore-international-inc-ppo.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra(888)
969-4242(302) 295-5310Fax: (302)
654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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