Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Polypore International, Inc. Stockholders
24 February 2015 - 9:30AM
Business Wire
Kirby McInerney LLP is investigating potential claims against
Polypore International, Inc. (“Polypore” or the “Company”)
(NYSE:PPO) concerning the proposed acquisition of the Company by
Asahi Kasei Corporation (“Asahi”). Under the terms of the proposed
transaction, Polypore stockholders will receive $60.50 in cash for
each share of Polypore common stock they own. In conjunction with
this transaction, Polypore has entered into an agreement with 3M
Company (“3M”) (NYSE: MMM) pursuant to which 3M will acquire the
Company’s Separations Media segment for cash consideration of
approximately $1 billion just prior to the Asahi acquisition.
The investigation concerns whether the Polypore Board of
Directors violated its fiduciary duties by agreeing to the proposed
transaction and whether the proposed consideration adequately
values the Company’s common stock.
If you are a Polypore stockholder and wish to obtain additional
information, please contact J. Brandon Walker, Esq. by email
at bwalker@kmllp.com, or telephone at (212) 699-1145, Melissa
Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at
(212) 699-1141, or toll free at (888) 529-4787, or by filling out
this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, whistleblower, antitrust and consumer litigation.
For additional information, please go to www.kmllp.com.
Kirby McInerney LLPJ. Brandon Walker, Esq., (212)
699-1145bwalker@kmllp.comorMelissa Fortunato, Esq., (212)
699-1141mfortunato@kmllp.com
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