NEW YORK, July 3, 2014 /PRNewswire/ -- Morgan & Morgan
announces that it is investigating potential claims against the
Board of Directors of Vitacost.com, Inc. ("Vitacost" or the
"Company") (NASDAQ: VITC) concerning the proposed acquisition of
the Company by the Kroger Co. (KR). Under the terms of the
definitive merger agreement, Vitacost stockholders will receive
$8.00 in cash for each share of
Vitacost common stock they own, valuing the transaction at
approximately $280 million.
If you purchased Vitacost, and want more information about the
Vitacost takeover lawsuit, please contact George Pressly, Esq. at 1(800)
631-6234 or email George at
AskGeorge@morgansecuritieslaw.com
Morgan & Morgan's investigation concerns whether the
Vitacost Board of Directors breached its fiduciary duties to act in
the best interest of Vitacost shareholders by agreeing to the
proposed transaction and whether the proposed consideration
adequately values the Company's common stock.
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to securities fraud, the firm also practices in
the areas of antitrust, personal injury, consumer protection,
overtime, and product liability. All of the Firm's legal
endeavors are rooted in its core mission: provide investor and
consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar
outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-631-6234
info@morgansecuritieslaw.com
SOURCE Morgan & Morgan