Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Physicians Formula Holdings Inc. (FACE)
August 15 2012 - 8:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Physicians Formula Holdings Inc. (“Physicians Formula”
or the “Company”) (NASDAQ: FACE) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to Swander Pace Capital in an all-cash deal
valued at approximately $65 million. Under the terms of the
proposed transaction, Physicians Formula’s stockholders will
receive $4.25 in cash for each share of Physicians Formula common
stock they own, while according to Yahoo! Finance, at least one
financial analyst has set a price target of $5.00 for Physicians
Formula.
Request more information now by clicking here:
www.faruqilaw.com/FACE. There is no cost or
obligation to you.
Whether Physicians Formula’s Board of Directors breached their
fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues Physicians Formula’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
Physicians Formula’s shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Physicians Formula and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/FACE or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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