SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Polypore International, Inc.

BALA CYNWYD, Pa.--(BUSINESS WIRE)--

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Polypore International, Inc. ("Polypore" or "the Company") PPO for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Asahi Kasei Corporation. ("Asahi").

Click here to learn more about the investigation http://brodsky-smith.com/892-ppo-polypore-international-inc.html, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Polypore shareholders will receive $60.50 in cash for each share of Polypore stock they own. The investigation concerns whether the Board of Polypore breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Asahi is underpaying for Polypore. Prior to the completion of the transaction, 3M Company will acquire the assets of Polypore's Separations Media segment for approximately $1.0 billion, and Asahi will receive the cash proceeds from the sale.

The transaction may undervalue Polypore and will result in a loss for many long term Polypore shareholders. Polypore stock has traded as high as $72.00 per share. Consequently, an analyst has placed a $62.00 per share price target on Polypore stock and it has been reported that an analyst has also indicated that he thinks other bidders may be willing to top the price being paid by Asahi. However, the deal has a $39 million breakup fee which could hinder a topping offer from being received.

If you own shares of Polypore common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, by visiting http://brodsky-smith.com/892-ppo-polypore-international-inc.html, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.