NEW YORK, Feb. 23, 2015 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of Polypore International Inc. ("Polypore" or
the "Company") (NYSE: PPO) concerning the proposed acquisition of
the Company by Asahi Kasei Corp. ("Asahi Kasei"), a Japanese
chemicals and fiber maker.
Under the terms of the two-part transaction, valued at
approximately $3.2 billion, Polypore
will first sell the assets of its Separation Media Segment to 3M
Company (NYSE: MMM) for approximately $1
billion, with all of the proceeds going to Asahi
Kasei. Second, and immediately afterwards, Polypore
shareholders would receive $60.50 per
share from Asahi Kasei for their shares.
Our investigation concerns whether the Polypore board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, and obtaining full and fair consideration for
Company stockholders.
If you own Polypore shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
James G. Flynn, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: jflynn@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP