NEW YORK, May 22, 2017 /PRNewswire/ -- The proposed
acquisition of Nutraceutical International Corporation (NasdaqGS:
"NUTR" or the "Company") by HGGC, LLC ("HGGC") is the subject of an
examination by WeissLaw LLP, a national class action, shareholder
rights law firm. On May 21,
2017, NUTR announced it entered into an agreement and plan
of merger with HGGC. Under the terms of the agreement, the
Company's shareholders will receive $41.80 in cash for each NUTR share they own.
WeissLaw is investigating whether NUTR's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the Company recently announced positive financial
results. It reported a $1.7
million year-over-year increase in net sales, from
$59.5 in the second quarter of 2016
to $61.2 million in the same period
of the following year.
Given these facts, WeissLaw is investigating whether NUTR's
Board acted in the best interests of NUTR's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own NUTR shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP 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 clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/nutraceutical-international-corporation/
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SOURCE WeissLaw LLP