Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Physicians Formula Holdings, Inc. (“Physicians Formula” or the “Company”) (NASDAQ GS: FACE) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Swander Pace Capital (“Swander Pace”), in a transaction valued at approximately $65 million.
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Under the terms of the proposal, public shareholders of Physicians Formula will receive $4.25 per share in cash for each share of Physicians Formula they own.
The investigation concerns whether Physician Formula’s board of directors failed to adequately shop the Company and obtain the best possible value for Physician Formula’s shareholders before entering into an agreement with Swander Pace. According to Yahoo! Finance, at least one analyst has set a price target of $5.00 for the Company’s shares.If you own the common stock of Physicians Formula and purchased your shares before August 15, 2012, 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 Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/physicians-formula-holdings-inc-face. 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.