NEW YORK, Feb. 24, 2015 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinksy, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE
ACQUIRED COMMON STOCK OF POLYPORE INTERNATIONAL, INC. (NYSE:
PPO) ("Polypore" or "the Company") PRIOR TO FEBRUARY 23, 2015 AND CONTINUE TO HOLD SUCH
SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP
has commenced an investigation into the fairness of the
sale of Polypore to Asahi Kasei Corporation. Click
here to learn more about the investigation:
http://zlk.9nl.com/polypore-ppo. There is no cost or
obligation to you.
The Board of Directors of Polypore agreed to sell the
Company to Asahi Kasei Corporation. Under the terms of the
transaction, Polypore shareholders will receive $60.50 in cash
for each Polypore common share they own. Prior to the acquisition
of Polypore, 3M Company (NYSE: MMM) will acquire the assets of
Polypore's Separations Media segment for approximately $1.0 billion, and Asahi Kasei will receive the
cash proceeds from the sale. The investigation concerns
whether the Board of Polypore breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Asahi Kasei
Corporation is underpaying for Polypore shares.
If you own Polypore common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://zlk.9nl.com/polypore-ppo.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP