NEW YORK, March 28, 2012 /PRNewswire/ -- Harwood Feffer LLP ( www.hfesq.com) is investigating potential claims against the board of directors of Zhongpin, Inc. ("Zhongpin" or the "Company") (NASDAQ: HOGS) concerning the proposed acquisition of the Company by its Chairman and Chief Executive Officer, Xianfu Zhu ("Zhu").
On March 27, 2012, it was announced that Zhu had offered to acquire all outstanding shares of the Company's common stock not currently owned by him in a going private transaction. Under the proposal, Zhongpin shareholders would receive $13.50 in cash per share held. Zhu already beneficially owns approximately 17.5% of the Company's common stock.
Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of Zhongpin, disclosing all material benefits and costs and obtaining full and fair consideration for Zhongpin shareholders.If you own Zhongpin 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: Robert I. Harwood, Esq. Benjamin Sachs-MichaelsHarwood Feffer LLP488 Madison Avenue New York, New York 10022Phone Numbers: (877) 935-7400(212)935-7400Email: email@example.com Website: http://www.hfesq.com 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. © 2011 Harwood Feffer LLP. 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. SOURCE Harwood Feffer LLP