Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Synutra
International, Inc. (“Synutra” or the “Company”) (NasdaqGS:SYUT) for
potential breaches of fiduciary duties in connection with the sale of
the Company to Mr. Liang Zhang, the Company's Chief Executive Officer
and Chairman of the Board of Directors, for approximately $338 million.
The Company’s stockholders will only receive $5.91 in cash for each
share of Company common stock they own. However, this consideration is
below at least one analyst price target of $6.74 per share as well as
Synutra's 52-week high of $7.90 per share.
Click here for more information: www.faruqilaw.com/SYUT.
There is no cost or obligation to you.
The investigation focuses on whether Synutra’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct a fair sales process and whether and by how much this
proposed transaction undervalues the Company to the detriment of
Synutra’s shareholders.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients. To
keep track of the latest securities litigation news, follow us on
Twitter at www.twitter.com/MergerActivity
or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Synutra and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/SYUT
or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160122005916/en/
Copyright Business Wire 2016