Yongye International, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Chairman and CEO’s Going Private Offer
October 16, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of Yongye International, Inc. (“Yongye” or the “Company”) (NASDAQ: YONG) is breaching its fiduciary duty to its shareholders in connection with an offer by Mr. Zishen Wu (“Mr. Wu”), the Company’s Chairman and Chief Executive Officer, to take the Company private.
Under the terms of the offer, Yongye shareholders will receive $6.60 in cash for each share of common stock they own. The investigation is focused on whether Mr. Wu’s offer undervalues the Company’s shares.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.