WILMINGTON, Del., Feb. 23, 2015 /PRNewswire/ -- 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.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/polypore-international-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300039790.html
SOURCE Rigrodsky & Long, P.A.