Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of NBTY, Inc.
16 Juillet 2010 - 3:30AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
NBTY, Inc. (“NBTY” or the “Company”) (NYSE:NTY), a manufacturer of
nutritional supplements, related to the Company’s agreement to be
acquired by The Carlyle Group. The proposed cash transaction is
valued at approximately $3.8 billion.
Under the terms of the definitive merger agreement entered into
by the parties, The Carlyle Group will acquire all of the
outstanding common shares of NBTY for $55.00 per share in cash. The
Company’s shares traded as high as $51.00 per share as recently as
April 15, 2010. The transaction is expected to close by the end of
2010. The investigation concerns possible breaches of fiduciary
duty and other violations of law related to approval of the
proposed transaction by NBTY’s board of directors.
If you own shares of NBTY, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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