Gardy & Notis, LLP Investigates the Proposed Cashout of Synutra International, Inc. (NASDAQ: SYUT) Stockholders by Chairman and Controlling Shareholder Liang Zhang
NEW YORK, Jan. 20, 2016 /PRNewswire/ -- Gardy & Notis, LLP is investigating potential claims on behalf of investors in Synutra International, Inc. (NASDAQ: SYUT), concerning the going private proposal of Synutra by Mr. Liang Zhang, the Company's Chief Executive Officer, Chairman of the Board of Directors, and controlling shareholder and an affiliated entity of Mr. Zhang, whereby Synutra stockholders would be cashed out of their investment in exchange for $5.91 per share in cash for each Synutra share they own. Synutra stockholders seeking more information about this acquisition may contact Mark C. Gardy at (212) 905-0509 or [email protected].
The $5.91 per share offer price is significantly below Synutra's 52-week high of $7.90 per share, and below an analyst price target of $6.74 per share. The investigation concerns whether the proposed offer price unfairly undervalues the inherent value of Synutra, and whether Synutra stockholders would not be receiving the maximum value for their shares.
The attorneys at Gardy & Notis, LLP have represented stockholders in a range of merger and acquisition transactions, including actions to enjoin company sales at unfair prices and/or on unfair terms, actions to force management to solicit and consider other offers and actions to require the disclosure of vital information to shareholders. View Gardy & Notis, LLP's attorney biographies at www.gardylaw.com.
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CONTACT:
GARDY & NOTIS, LLP
Mark Gardy
Meagan Farmer
126 East 56th Street, 8th Floor
New York, NY 10022
Telephone: 212-905-0509
Fax: 212-905-0508
E-mail: [email protected]
E-mail: [email protected]
Website: www.gardylaw.com
SOURCE Gardy & Notis, LLP
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