EQUITY ALERT: The Rosen Law Firm Announces Investigation of Polypore International, Inc. Concerning Its Proposed Sale to Asah...
February 23 2015 - 12:00PM
Business Wire
The Rosen Law Firm announces that it is investigating the Board
of Directors of Polypore International, Inc. (NYSE:PPO) for
possible breaches of fiduciary duty and other violations of law by
failing to adequately shop Polypore to maximize shareholder value
before agreeing to be acquired by Asahi Kasei Corporation.
If you would like to join the action, go to
http://rosenlegal.com/cases-514.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $60.50 in cash for each share of Polypore they own. The
proposed transaction is valued at approximately $2.2 billion. Prior
to the sale to Asahi, Polypore is expected to sell its Separations
Media business to 3M Company for $1 billion. The investigation
relates to whether the proposal is fair to the public shareholders
of Polypore and whether Polypore’s Board breached its fiduciary
duties in connection with the proposed sale.
If you currently own shares of Polypore and wish to obtain
additional information, please visit the website at
http://rosenlegal.com/cases-514.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 1-866-767-3653Fax:
212-202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com