NEW YORK, May 22, 2017 /PRNewswire/ -- The proposed acquisition of Nutraceutical International Corporation (NasdaqGS: "NUTR" or the "Company") by HGGC, LLC ("HGGC") is the subject of an examination by WeissLaw LLP, a national class action, shareholder rights law firm. On May 21, 2017, NUTR announced it entered into an agreement and plan of merger with HGGC. Under the terms of the agreement, the Company's shareholders will receive $41.80 in cash for each NUTR share they own.
WeissLaw is investigating whether NUTR's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company recently announced positive financial results. It reported a $1.7 million year-over-year increase in net sales, from $59.5 in the second quarter of 2016 to $61.2 million in the same period of the following year.
Given these facts, WeissLaw is investigating whether NUTR's Board acted in the best interests of NUTR's public shareholders to maximize shareholder value prior to entering into the agreement. If you own NUTR shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/nutraceutical-international-corporation/
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SOURCE WeissLaw LLP