Morgan & Morgan Announces Investigation of Polypore International Inc. - PPO

NEW YORK, Feb. 27, 2015 /PRNewswire/ -- Morgan & Morgan, P.C. announces that it is investigating potential claims against the board of directors of Polypore International Inc. ("Polypore" or the "Company") PPO concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Asahi Kasei Corporation in a transaction valued at approximately $2.2 billion.

If you own shares of Polypore and would like to learn more about the Polypore investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email info@morgansecuritieslaw.com.

Under the terms of the agreement, shareholders of Polypore would receive $60.50 in cash for each share of Polypore they own. Prior to the acquisition of Polypore, 3M Company (MMM) will acquire the assets of Polypore's Separations Media segment for approximately $1.0 billion, and Asahi Kasei will receive the cash proceeds from the sale.

The investigation concerns whether the Board of Directors of Polypore failed to act in the  shareholders' best interests in connection with the sale process in  breach of their fiduciary duties and in violation of law.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms. In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

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Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44^th Street
Suite 2001
New York, NY  10036
1-800-732-5200
info@morgansecuritieslaw.com

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SOURCE Morgan & Morgan