NEW YORK–(BUSINESS WIRE)–
The following statement is being issued by Levi & Korsinksy, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF POLYPORE INTERNATIONAL, INC. (PPO) (“Polypore” or “the Company”) PRIOR TO FEBRUARY 23, 2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Polypore to Asahi Kasei Corporation. Click here to learn more about the investigation: http://zlk.9nl.com/polypore-ppo. There is no cost or obligation to you.
The Board of Directors of Polypore agreed to sell the Company to Asahi Kasei Corporation. Under the terms of the transaction, Polypore shareholders will receive $60.50 in cash for each Polypore common share they own. Prior to the acquisition of Polypore, 3M Company (MMM) 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 sale. The investigation concerns whether the Board of Polypore breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Asahi Kasei Corporation is underpaying for Polypore shares.
If you own Polypore common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/polypore-ppo.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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