Harwood Feffer LLP Announces Investigation of Feihe International Inc.
NEW YORK, Oct. 5, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Feihe International Inc. ("Feihe" or the "Company") (NYSE: ADY) concerning the proposed acquisition of the Company by You-Bin Leng, its Chairman and CEO and an affiliate of Morgan Stanley Private Equity Asia in a transaction valued at approximately $146 million.
Under the terms of the proposed transaction, Feihe shareholders would receive $7.40 per share in cash, substantially below the Company's reported book value. Leng currently owns approximately 45% of the Company's common stock.
Our investigation concerns whether the Feihe board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Feihe shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising © 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP