Rigrodsky & Long, P.A. Announces Investigation Of Physicians Formula Holdings, Inc. Proposed Buyout
August 15 2012 - 08:00PM
Business Wire
Rigrodsky & 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
info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/physicians-formula-holdings-inc-face.
Rigrodsky & 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.
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