San Diego, CA -- (SBWIRE) -- 05/30/2017 -- The acquisition of Nutraceutical Int'l Corp. is under investigation over potential wrongdoing. The investigation was announced for investors, who currently hold shares of Nutraceutical Int'l Corp. (NASDAQ:NUTR), concerning whether the takeover of Nutraceutical Int'l Corp. by HGGC, LLC for $41.80 per share is unfair.

Investors who purchased shares of Nutraceutical Int'l Corp. (NASDAQ:NUTR) and currently hold any of those NASDAQ:NUTR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain directors of Nutraceutical Int'l Corp. breached their fiduciary duties owed to NASDAQ:NUTR investors in connection with the proposed acquisition.

On May 22, 2017, Nutraceutical Int'l Corp. and HGGC, LLC ("HGGC") announced that they have entered into an agreement under which Nutraceutical Int'l Corp. will be acquired by an affiliate of HGGC in a transaction valued at approximately $446 million, including debt to be refinanced. Under the terms of the agreement, Nutraceutical Int'l Corp. (NASDAQ:NUTR) stockholders will receive $41.80 in cash (without interest) for each outstanding share of Nutraceutical common stock they own.

However, given that Bill Gay and Jeff Hinrichs, Chief Operating Officer and Executive Vice President of the Company, who own approximately 7.9% and 2.5% of the Company's outstanding common stock, respectively, have already entered into customary voting agreements pursuant to which they have agreed to vote all of their shares in favor of the transaction, the investigation concerns whether the offer is unfair to NASDAQ:NUTR stockholders. More specifically, the investigation concerns whether the Nutraceutical Int'l Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Park City, UT based Nutraceutical International Corporation is an integrated manufacturer, marketer, distributor and retailer of nutritional supplements and other natural products. Nutraceutical Int'l Corp. repoted that its Total Revenue rose from $216.48 million for the 12 months period that ended on September 30, 2015 to $232.99 million for the 12 months period that ended on September 30, 2016 and that its Net Income for those respective time periods increased from $15.27 million to $18.66 million.

On May 26, 2017, NASDAQ:NUTR shares closed at $41.70 per share.

Those who are current investors in Nutraceutical Int'l Corp. shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com