Rosen Law Firm Announces Investigation of Shengtai Pharmaceutical In Connection With Going Private Proposal from its Chairman...
05 Oktober 2012 - 3:27PM
Business Wire
The Rosen Law Firm is investigating the Board of Directors of
Shengtai Pharmaceutical Inc. (OTC: SGTI) for possible breaches of
fiduciary duty and other violations of state law in connection with
a going private proposal from its Chairman and Chief Executive
Officer.
If you would like to join the action please email or call
Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposal, offered by SGTI’s Chairman and
CEO, Mr. Qingtai Liu, shareholders will receive $1.65 for each
share of Shengtai Pharmaceutical stock they own. The investigation
relates to whether the proposal for $1.65/share is fair to public
shareholders and whether Shengtai Pharmaceutical’s Board breached
its fiduciary duties in connection with the offer.
If you own Shengtai Pharmaceutical common stock and wish to
obtain additional information, you may contact Phillip Kim or Kevin
Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail
at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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