WAYNE, Pa., Feb. 24, 2015 /PRNewswire/ -- Ryan &
Maniskas, LLP is investigating potential claims against the board
of directors of Polypore International Inc. ("Polypore" or the
"Company") (NYSE: PPO) concerning possible breaches of fiduciary
duty and other violations of law related to the Company's efforts
to sell the Company to Asahi Kasei Corporation in a transaction
valued at approximately $2.2
billion.
If you own shares of Polypore and would like to learn more about
this class action or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/ppo. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the agreement, shareholders of Polypore would
receive $60.50 in cash for each share
of Polypore they own. Immediately prior to Asahi Kasei's
acquisition of Polypore, 3M Company, will acquire the assets of
Polypore's Separations Media segment for approximately $1.0 billion and Asahi Kasei will receive the
cash proceeds from the asset sale.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Polypore for not acting in the Company's shareholders' best
interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old
Eagle School Rd., Suite 311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/ppo
rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP