NEW YORK, July 7, 2014 /PRNewswire/ -- Juan E.
Monteverde, a partner at Faruqi & Faruqi, LLP, a leading
national securities firm headquartered in New York City, is investigating the Board of
Directors of Vitacost.com, Inc. ("Vitacost" or the "Company")
(NASDAQ: VITC) for potential breaches of fiduciary duties in
connection with the sale of the Company to The Kroger Co.
("Kroger") (NYSE: KR) for approximately $280
million. The Company's stockholders will only receive
$8.00 in cash for each share of
Vitacost common stock they own. According to Yahoo! Finance, at
least one analyst has set a price target of $10 per share for the Company.
Click here for more information:
www.faruqilaw.com/VITC. There is no cost or obligation to
you.
The investigation focuses on whether Vitacost'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 Vitacost'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
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If you own common stock in Vitacost and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/VITC or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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Faruqi, LLP (www.faruqilaw.com). Prior results do not
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matter. We are happy to discuss your particular case.
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