Schiff Nutrition International, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Bayer Healthcare LLC
November 1, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of Schiff Nutrition International, Inc. (“Schiff” or the “Company”) (NYSE: SHF) breached its fiduciary duty to its shareholders in agreeing to sell Schiff to Bayer HealthCare LLC.
Under the terms of the agreement, Schiff shareholders will receive $34 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Schiff shareholders and the process by which the Schiff Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP 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.