NEW YORK, Oct. 23, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Innophos Holdings, Inc. (“Innophos” or the “Company”) (NASDAQ: IPHS) stock prior to October 21, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Innophos to an affiliate of One Rock Capital Partners, LLC (“One Rock”). Under the terms of the deal, One Rock will acquire all of Innophos’ outstanding shares for $32.00 per share in cash. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/innophos-holdings-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Innophos merger investigation concerns whether the Board of Innophos breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether One Rock is underpaying for Innophos, thus unlawfully harming Innophos shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
