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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Synutra International Inc (NASDAQ: SYUT) acted responsibly on behalf of investors’ profitability in the planned sale to Beams Power Investment Limited.
On November 17, 2016, Synutra International Inc (NASDAQ: SYUT) and Beams Power Investment Limited announced that they had entered into a merger agreement. Under the terms of the merger agreement, Beams will offer Synutra shareholders $6.05 per share in cash for all outstanding shares.
Based in Rockville, Maryland, Synutra International Inc produces, distributes, and sells dairy based nutritional products under the Shengyuan or Synutra brand names in the Peoples Republic of China.
The investigation is looking to uncover whether Synutra International Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $6.74 per share.
If you purchased Synutra International Inc (NASDAQ: SYUT) prior to November 17, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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