NEW YORK, Aug. 8, 2019 /PRNewswire/ -- WeissLaw LLP is conducting an active investigation of possible breaches of fiduciary duty and other violations of law by the Board of Directors of Vitamin Shoppe, Inc. ("Vitamin Shoppe" or the "Company") (VSI) in connection with the proposed acquisition of the Company by Liberty Tax, Inc. ("Liberty") (TAXA). Under the terms of the acquisition agreement, Vitamin Shoppe shareholders will receive $6.50 per VSI share.
If you own VSI shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
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WeissLaw is investigating whether Vitamin Shoppe's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the per-share offer price is $5.50 lower than the analyst target price of $12.00, and less than half of VSI's 52-week high of $13.95.
Given these facts, WeissLaw is concentrating its investigation on whether the acquisition enhances shareholder value. WeissLaw is also concerned whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com
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