The Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Yongye 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 Yongye
Levi & Korsinsky is investigating the Board of Directors of Yongye International, Inc. (“Yongye” or the “Company”) (NASDAQ: YONG) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to a consortium led by its Chairman and Chief Executive Officer, Mr. Zishen Wu. Click here to learn how to join the action: http://zlk.9nl.com/yongye-international-yong, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the proposed transaction, Yongye shareholders would receive $6.60 per share in cash. The investigation concerns, among other things, whether the proposed consideration to be paid to Yongye shareholders is unfair, inadequate, and substantially below the fair or inherent value of Yongye. In particular, Yongye stock has a reported book value of $7.64 for the most recent quarter. If you own common stock in Yongye 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/yongye-international-yong. 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.
Yongye International said Wednesday the $340 million buyout by chairman and CEO Zishen Wum and the Asian private equity arm of Morgan Stanley did not get the required vote of nonaffiliated shareholders at an adjourned special meeting.