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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Vitamin Shoppe Inc | NYSE:VSI | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
SAN DIEGO, Aug. 8, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Vitamin Shoppe, Inc. (NYSE: VSI) ("Vitamin Shoppe") breached their fiduciary duties in connection with the proposed sale of the Company to Liberty Tax, Inc. ("Liberty Tax").
On August 8, 2019, Vitamin Shoppe announced that it had signed a definitive merger agreement with Liberty Tax. Under the terms of the merger agreement, Vitamin Shoppe shareholders will receive $6.50 in cash for each share of Vitamin Shoppe common stock they own.
The investigation concerns whether the Vitamin Shoppe board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Vitamin Shoppe shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $12.00 price target on the stock. The 52-week high for Vitamin Shoppe was $13.95.
If you are a shareholder of Vitamin Shoppe and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
View original content:http://www.prnewswire.com/news-releases/vitamin-shoppe-vsi-alert-johnson-fistel-investigates-proposed-sale-of-vitamin-shoppe-inc-are-shareholders-getting-a-fair-deal-300898766.html
SOURCE Johnson Fistel, LLP
Copyright 2019 PR Newswire
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