Shareholders Foundation, Inc., Inc. (NASDAQ:VITC) Investor Alert: Lawsuit Filed to Halt the Takeover by the Kroger Co

A lawsuit was filed by an investor in shares of, Inc. (NASDAQ:VITC) in effort to stop the proposed takeover and NASDAQ:VITC stockholders should contact the Shareholders Foundation.


San Diego, CA -- (SBWIRE) -- 07/16/2014 -- An investor, who currently holds shares of, Inc. (NASDAQ:VITC) filed a lawsuit in effort to halt the proposed takeover of, Inc. by The Kroger Co for $8.00 per share.

Investors who purchased shares of, Inc. (NASDAQ:VITC) and currently hold any of those NASDAQ:VITC shares have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:VITC stockholders by agreeing to sell, Inc. too cheaply via an unfair process to The Kroger Co.

On July 2, 2014, The Kroger Co. (NYSE:KR) and, Inc. (Nasdaq:VITC), announced a merger agreement under which the Kroger Co will purchase all outstanding shares of for $8.00 per share in cash, or approximately $280 million.

However, the plaintiff claims that the takeover of, Inc by The Kroger Co undervalues Indeed, at least one analyst has set the high target price for NASDAQ:VITC shares at $10.00 per share and that NASDAQ:VITC shares traded in the open market as recently as October 2013 as high as $8.77 per share., Inc. reported that its annual Total Revenue rose from $220.68 million in 2010 to $382.74 million in 2013. Shares of, Inc. (NASDAQ:VITC) reached $8.99 per share in July 2013.

In addition, the plaintiff alleges that the process is also unfair to NASDAQ:VITC stockholders. Indeed, certain shareholders of approximately 26.2% of the outstanding shares of common stock have already agreed to support the transaction and tender their shares in the tender offer.

On July 14, 2014, NASDAQ:VITC shares closed at $7.98 per share.

Those who are current investors in, Inc. (NASDAQ:VITC) shares have certain options and should contact the Shareholders Foundation.

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