Faruqi & Faruqi, LLP Announces the Investigation of Synutra International, Inc. (SYUT) Over the Proposed Sale of the Company to its CEO
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Synutra International, Inc. (“Synutra” or the “Company”) (NasdaqGS:SYUT) for potential breaches of fiduciary duties in connection with the sale of the Company to Mr. Liang Zhang, the Company's Chief Executive Officer and Chairman of the Board of Directors, for approximately $338 million.
The Company’s stockholders will only receive $5.91 in cash for each share of Company common stock they own. However, this consideration is below at least one analyst price target of $6.74 per share as well as Synutra's 52-week high of $7.90 per share.
If you own common stock in Synutra and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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