Law Firm Brower Piven Announces Investigation of Young Innovations, Inc.
05 December 2012 - 4:11AM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of Young Innovations,
Inc. (“Young” or the “Company”) (Nasdaq GS: YDNT) and other
violations of state law by the board of directors of Young relating
to the proposed sale of the Company to an affiliate of Linden
Capital Partners (“Linden”) in a transaction currently being valued
at $314 million. The firm’s investigation seeks to determine, among
other things, whether Young’s board of directors breached their
fiduciary duties by failing to obtain the highest share price prior
to unanimously agreeing to the deal.
Under the terms of the merger agreement, holders of outstanding
shares of Young common stock will only receive $39.50 in cash per
share.
If you currently own common stock of Young and would like to
learn more about the investigation being conducted by Brower Piven,
you may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
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