Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Matrixx Initiatives, Inc.
18 Décembre 2010 - 3:01AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Matrixx Initiatives, Inc. (NASDAQ: MTXX - News)
(referred to as " Matrixx" or the “Company”) by investment funds
managed by H.I.G. Capital, LLC (“H.I.G.”) in a cash transaction
valued at approximately $75.2 million.
Under the terms of the agreement, affiliates of H.I.G. will
commence a tender offer to purchase for cash all of the outstanding
shares of Matrixx common stock, and the associated preferred stock
purchase rights, at a price of $8.00 per share.
The tender offer is expected to commence on December 22, 2010
and to expire on the 20th business day following and including the
commencement date. If the tender offer is successfully completed,
the parties will complete a second−step merger in which any
remaining shares of Matrixx would be converted into the right to
receive the same price per share paid in the tender offer.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders. If you are a holder of Matrixx stock and want to
discuss your legal rights, you may e-mail or call Bull &
Lifshitz, LLP who will, without obligation or cost to you, attempt
to answer your questions.
If you are a shareholder of Matrixx and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to Matrixx.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz,
LLP. The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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