NEW YORK, Jan. 16, 2016 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the sale of Synutra International, Inc. (NASDAQ: SYUT) ("Synutra" or the "Company") on behalf of its shareholders. Synutra announced that it has received a non-binding proposal letter from Mr. Liang Zhang, Chairman and Chief Executive Officer of Synutra, proposing a "going-private" transaction to acquire all of the outstanding common stock of Synutra not already owned by him for $5.91 in cash per share.
Our investigation has determined that the offer price of only $5.91 per share, unfairly under-values the true going forward inherent value of Synutra and that shareholders are not receiving the maximum value for their shares. Indeed, analyst project that the true going forward inherent value of the stock is worth at least $6.74 per share, and the stock hit a high of $8.15 within the past year. The investigation further seeks to determine whether the Mr. Zhang is entering into this deal for his own self-interests to the detriment of the company's shareholders.
If you are a shareholder of Synutra and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
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SOURCE Tripp Levy PLLC