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NEW YORK, Feb. 23, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Polypore International Inc. ("Polypore" or the "Company") (NYSE: PPO) concerning the proposed acquisition of the Company by Asahi Kasei Corp. ("Asahi Kasei"), a Japanese chemicals and fiber maker.
Under the terms of the two-part transaction, valued at approximately $3.2 billion, Polypore will first sell the assets of its Separation Media Segment to 3M Company (NYSE: MMM) for approximately $1 billion, with all of the proceeds going to Asahi Kasei. Second, and immediately afterwards, Polypore shareholders would receive $60.50 per share from Asahi Kasei for their shares.
Our investigation concerns whether the Polypore board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, and obtaining full and fair consideration for Company stockholders.
If you own Polypore shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
James G. Flynn, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: jflynn@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/harwood-feffer-llp-announces-investigation-of-polypore-international-inc-300039868.html
SOURCE Harwood Feffer LLP
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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