Acquisition of Young Innovations, Inc. by Linden Capital Partners May Not Be in Young Innovations' Shareholders' Best Interests
SAN DIEGO and EARTH CITY, Mo., Dec. 4, 2012 /PRNewswire/ -- Shareholder rights attorneys at Robbins Umeda LLP are investigating possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Young Innovations, Inc. (NASDAQ: YDNT) in connection with their efforts to sell the company to an affiliate of Linden Capital Partners.
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On December 4, 2012, Young Innovations and Linden Capital announced they had entered into a definitive merger agreement under which Linden Capital will acquire Young Innovations through an all cash tender offer with a total value of $314 million. Young Innovations shareholders will receive $39.50 per share. The transaction is expected to close in the first quarter of 2013.
The Board of Directors' Actions May Prevent Young Shareholders from Receiving the Maximum Value for Their Stock
To read the complete release at NewsBlaze,
Acquisition of Young Innovations, Inc. by Linden Capital Partners May Not Be in Young Innovations' Shareholders' Best Interests,
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