Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Yongye International, Inc. (“Yongye” or the “Company”) (NasdaqGS:YONG) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Full Alliance International, Inc. in a cash deal valued at approximately $339 million. Under the terms of the proposed transaction, Yongye’s stockholders will receive $6.69 for each share of Yongye common stock they own. However, the Company’s total cash per share is already $5.02 while its book value is $10.03 per share. Thus, the proposed buyout price is a steep discount from the Company’s combined cash and book value. Request more information now by clicking here: www.faruqilaw.com/YONG.There is no cost or obligation to you. The investigation focuses on whether Yongye’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Yongye’s shareholders. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. If you own common stock in Yongye and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/YONG or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
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.