The Rosen Law Firm, P.A. is investigating the Board of Directors of Feihe International, Inc. (NYSE: ADY) for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from its Chairman and Chief Executive Officer. If you would like to join the action please email or call Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at email@example.com or firstname.lastname@example.org. There is no cost or obligation to you. Under the terms of the proposal, Fiehe’s Chairman and CEO, You-Bin Leng, shareholders will receive $7.40 for each share of Feihe International stock they own. The investigation relates to whether the proposal for $7.40/share is fair to public shareholders and whether Feihe’s Board fiduciary duties in connection with the offer. If you own Feihe International common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
Shares of Feihe International (NYSE:ADY) were gapping up Thursday morning with an open price 10.6% higher than Wednesday's closing price. The stock closed at $5.87 yesterday and opened today's trading at $6.49.