Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Physicians Formula Holdings, Inc. (“Physicians Formula”) (Nasdaq: FACE) to Markwins International Corp. for shareholders. Under the proposed Physicians Formula sale, FACE shareholders will receive only $4.90 in cash for each share of stock owned in a transaction valued at approximately $74.9 million. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you. The Physicians Formula sale investigation centers on whether Physicians Formula shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Physicians Formula stock, and whether Physicians Formula’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that “Due in part to the lack of a significant premium, we believe that the transaction may undervalue Physicians Formula stock. Our lawsuit will seek to obtain the highest share price for all shareholders.” The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Shares of Physicians Formula Holdings (Nasdaq:FACE) have taken a tremendous swing upward. The stock is trading at $3.55 as of 10:58 a.m. ET, 21.6% above Tuesday's closing price of $2.92. Volume is at 600, zero times the daily average of 15,400.
Shares of Physicians Formula Holdings (Nasdaq:FACE) have taken a tremendous swing upward. The stock is trading at $3.43 as of 11:49 a.m. ET, 21.6% above Thursday's closing price of $2.82. Volume is at 9,183, 0.5 times the daily average of 18,700.