Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Steiner Leisure Ltd (NASDAQ: STNR) acted responsibly on behalf of investors’ profitability in the planned $925 million sale to Catterton Partners. 

On August 21, 2015, Steiner Leisure Ltd (NASDAQ: STNR) and Catterton Partners announced that they had entered into a merger agreement.  Under the terms of the merger agreement, Catterton will offer Catterton shareholders $65.00 per share in cash for all outstanding shares.     

Based in Nassau, Bahamas, and founded in 1934 Steiner Leisure Ltd provides spa services and personal care products worldwide through 4 different business segments, Operations, Products, Schools, and Ideal Image.  These products, services and spas range from skincare products like lotions, shampoos, cleansers, and moisturizers to laser hair removal locations and post-secondary schools to day spas, hotel spas, cruise ship spas, etc.

The investigation is looking to uncover whether Steiner Leisure Ltd was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $67.00 per share.

If you purchased Steiner Leisure Ltd (NASDAQ: STNR) prior to August 21, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324. 

Thieler Law Corp

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