Morgan & Morgan Announces the Filing of Shareholder Class Actions Regarding the Vitacost.com, Inc. Buyout -- VITC
July 16 2014 - 3:03PM
Morgan & Morgan announces that shareholder class actions have
been filed against the Board of Directors of Vitacost.com, Inc.
("Vitacost" or the "Company") (Nasdaq:VITC) concerning the proposed
acquisition of the Company by the Kroger Co. (KR). Under the terms
of the definitive merger agreement, Vitacost stockholders will
receive $8.00 in cash for each share of Vitacost common stock they
own, valuing the transaction at approximately $280 million.
If you purchased Vitacost, and want more information about the
Vitacost takeover lawsuit, please contact George Pressly, Esq. at
1(800) 631-6234 or email George at
AskGeorge@morgansecuritieslaw.com
The shareholder class actions concern whether the Vitacost Board
of Directors breached its fiduciary duties to act in the best
interest of Vitacost shareholders by agreeing to the proposed
transaction and whether the proposed consideration adequately
values the Company's common stock.
Morgan & Morgan is one of the nation's largest 200 law
firms. In addition to securities fraud, 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."
Attorney advertising. Prior results do not guarantee a similar
outcome.
CONTACT: Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-631-6234
info@morgansecuritieslaw.com
Versatech (NASDAQ:VITC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Versatech (NASDAQ:VITC)
Historical Stock Chart
From Nov 2023 to Nov 2024