The Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Feihe International, Inc. In Connection With The Proposed Sale Of The Company To Its Chairman And CEO
Levi & Korsinsky is investigating the Board of Directors of Feihe International, Inc. (“Feihe International” or the “Company”) (NYSE: ADY) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to You-Bin Leng, the Company’s Chairman and Chief Executive Officer, and an affiliate of Morgan Stanley Private Equity Asia.
Click here to learn how to join the action: http://zlk.9nl.com/feihe-international-ady/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the proposed transaction, Feihe International shareholders would receive $7.40 for each share of Feihe International they own. Leng currently owns 45.34% of the Company’s common stock. The investigation concerns, among other things, whether the consideration to be paid to Feihe International shareholders is unfair, inadequate, and substantially below the fair or inherent value of Feihe International, and whether Leng is taking advantage of his position as a controlling shareholder in order to purchase the Company at an unfair price. Feihe International stock has a reported book value of $9.54 per share for the most recent quarter.
If you own common stock in Feihe International and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/feihe-international-ady/.Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV