NEW YORK, Feb. 23, 2015 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities and shareholder rights law firm,
announces that it is investigating the acquisition of Polypore
International, Inc. (NYSE: PPO) ("Polypore" or the "Company")
on behalf of its' shareholders. Polypore announced that it
has entered into a definitive agreement with Asahi Kasei Corp.
("Asahi") under which Asahi will acquire all of the outstanding
shares of Polypore common stock for $60.50 per share. Polypore also announced
that it will sell its Separations Media segment to 3M Company for
$1 billion.
Our investigation has determined that the offer price of only
$60.50 per share unfairly
under-values the true going forward inherent value of the Company
and that shareholders are not receiving the maximum value for their
shares. Indeed, among other things, analysts have projected the
Company is worth at least $62 per
share.
If you are a shareholder of Polypore and would like additional
information as to how the acquisition may affect your rights as a
shareholder, and how you may be eligible to obtain a higher price
for your shares, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in mergers and acquisitions transactions and, along
with its affiliate, has recovered billions of dollars for
shareholders in securities actions around the globe. Tripp Levy
PLLC is affiliated with the law firm Milberg LLP. The
National Law Journal has named Milberg one of the "50 Elite Trial
Lawyer Firms" and one of the "50 Leading Plaintiff Firms in
America." Attorney advertising. Prior results do not
indicate a similar outcome.
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SOURCE Tripp Levy PLLC