An investigation on behalf of investors of Vitamin Shoppe, Inc. (NYSE: VSI) in connection with the proposed takeover was announced and NYSE: VSI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/13/2019 -- The takeover of Vitamin Shoppe, Inc. is under investigation concerning whether it is unfair to NYSE: VSI stockholders.
Investors who purchased shares of Vitamin Shoppe, Inc. (NYSE: VSI) and currently hold any of those NYSE: VSI shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain directors of Vitamin Shoppe, Inc. breached their fiduciary duties owed to NYSE: VSI investors in connection with the proposed acquisition.
Secaurcus, NJ based Vitamin Shoppe, Inc., through its subsidiaries, operates as a omni-channel specialty retailer and contract manufacturer of nutritional products in the United States and internationally. On August 8, 2019, Liberty Tax, Inc. (OTC PINK: TAXA) ("Liberty Tax"), the parent company of Liberty Tax Service and Buddy's Home Furnishings, and Vitamin Shoppe, Inc. (NYSE: VSI) ("The Vitamin Shoppe") announced that they have entered into an agreement under which Liberty Tax will acquire The Vitamin Shoppe in an all cash transaction valued at approximately $208 million. The Vitamin Shoppe shareholders will receive $6.50 per share.
However, given that at least one analyst has set the high target price for NYSE: VSI shares at $12.00 per share, the investigation concerns whether the offer is unfair to NYSE: VSI stockholders. More specifically, the investigation concerns whether the Vitamin Shoppe 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.
On August 12, 2019, NYSE: VSI shares closed at $6.40 per share.
Those who are current investors in Vitamin Shoppe, Inc. (NYSE: VSI) shares have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.