Physicians Formula Sale Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Markwins International
September 27 2012 - 4:52PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Physicians Formula Holdings, Inc.
(“Physicians Formula”) (Nasdaq: FACE) to Markwins International
Corp. for shareholders. Under the proposed Physicians Formula sale,
FACE shareholders will receive only $4.90 in cash for each share of
stock owned in a transaction valued at approximately $74.9
million.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Physicians Formula sale investigation centers on whether
Physicians Formula shareholders are receiving adequate compensation
for their shares in the buyout, whether the transaction undervalues
Physicians Formula stock, and whether Physicians Formula’s board
attempted to obtain the highest share price for all shareholders
prior to agreeing to the deal. Shareholder rights attorney Willie
Briscoe stated that “Due in part to the lack of a significant
premium, we believe that the transaction may undervalue Physicians
Formula stock. Our lawsuit will seek to obtain the highest share
price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Physicians Formula Holdings, Inc. (MM) (NASDAQ:FACE)
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