NEW YORK, Feb. 23, 2015 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Polypore
International, Inc. ("Polypore" or the "Company") (NYSE: PPO)
(CUSIP: 73179V103) concerning the proposed acquisition of
Polypore by Asahi Kasei Corporation.
Polypore shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The investigation concerns whether the Polypore directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
proposed acquisition, shareholders of Polypore will receive
$60.50 per share of Polypore common
stock. However, an analyst recently set a price target of
$62.00 per share of Polypore common
stock.
Pomerantz LLP, with offices in New
York, Chicago, Florida, and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz LLP pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz LLP continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate
misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See
www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP