Physicians Formula Holdings, Inc. (MM) (NASDAQ:FACE)
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3 Years : From Sep 2011 to Sep 2014
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Physicians Formula Holdings,
Inc. (“Physicians Formula” or the “Company”) (NASDAQ GS: FACE)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Swander Pace Capital (“Swander Pace”), in a transaction valued at
approximately $65 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/physicians-formula-holdings-inc-face.
Under the terms of the proposal, public shareholders of Physicians
Formula will receive $4.25 per share in cash for each share of
Physicians Formula they own.
The investigation concerns whether Physician Formula’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Physician Formula’s shareholders before entering into
an agreement with Swander Pace. According to Yahoo! Finance, at least
one analyst has set a price target of $5.00 for the Company’s shares.
If you own the common stock of Physicians Formula and purchased your
shares before August 15, 2012, 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 Peter Allocco at
Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City,
New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com,
or at: http://www.rigrodskylong.com/investigations/physicians-formula-holdings-inc-face.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.