INVESTOR ALERT: Levi & Korsinsky, LLP Commences an Investigation of the Board of Directors of POLYPORE INTERNATIONAL, INC. in...
February 23 2015 - 11:37AM
Business Wire
The following statement is being issued by Levi & Korsinksy,
LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE
ACQUIRED COMMON STOCK OF POLYPORE INTERNATIONAL, INC. (NYSE:PPO)
(“Polypore” or “the Company”) PRIOR TO
FEBRUARY 23, 2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP
has commenced an investigation into the fairness of the
sale of Polypore to Asahi Kasei Corporation. Click here to
learn more about the investigation:
http://zlk.9nl.com/polypore-ppo. There is no cost or
obligation to you.
The Board of Directors of Polypore agreed to sell the Company
to Asahi Kasei Corporation. Under the terms of the transaction,
Polypore shareholders will receive $60.50 in cash for each
Polypore common share they own. Prior to the acquisition of
Polypore, 3M Company (NYSE: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
Polypore breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into this
transaction, and whether Asahi Kasei Corporation is underpaying
for Polypore shares.
If you own Polypore common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/polypore-ppo.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com