Ryan & Maniskas, LLP Announces Investigation of Medical Nutrition USA, Inc.
June 11 2010 - 3:15PM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/mdnu) is
investigating potential claims against the board of directors of
Medical Nutrition USA, Inc. ("Medical Nutrition" or the "Company")
(NASDAQ: MDNU) concerning possible breaches of fiduciary duty and
other violations of law related to the Company's entry into an
agreement to be acquired by Danone North America, Inc. ("Danone"),
in a transaction valued at approximately $62.3 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to approval of the transaction
by Company’s board of directors; in particular, whether the Company
undertook a fair process to obtain fair consideration for all
shareholders of Medical Nutrition. For more information regarding
our investigation, please contact Ryan & Maniskas, LLP (Richard
A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/mdnu.
Under the terms of the transaction, Medical Nutrition
shareholders will receive $4.00 in cash for each Medical Nutrition
share of common stock they own.
If you own shares of Medical Nutrition and would like to learn
more about these claims 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/mdnu. You may
also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more
information about class action cases in general, please visit our
website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan and Maniskas, LLP is devoted to protecting the interests
of individual and institutional investors in shareholder actions in
state and federal courts nationwide.
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