Posted: Fri Jan 14, 2011 4:47 am Post subject: The Law Firm of Levi & Korsinsky, LLP Launches
Levi & Korsinsky is investigating the Board of Directors of Matrixx Initiatives (“Matrixx” or the “Company”) (NASDAQ:MTXX) for possible breaches of fiduciary duty and other violations of state law in connection with the proposal from HIG Capital, LLC. (“HIG”) to acquire all outstanding shares of Matrixx.
New York, NY, January 14, 2011 -- Levi & Korsinsky is investigating the Board of Directors of Matrixx Initiatives (“Matrixx” or the “Company”) (NASDAQ:MTXX) for possible breaches of fiduciary duty and other violations of state law in connection with the proposal from H.I.G. Capital, LLC. (“H.I.G.”) to acquire all outstanding shares of Matrixx. Under the terms of the transaction, Matrixx shareholders will receive $8.00 per share in cash for a total transaction value of approximately $75.2 million. Click here to learn how to join the action: http://www.zlk.com/matrixx-mtxx.html, or call: 877-363-5972.
The investigation concerns whether the Matrixx Board of Directors breached their fiduciary duties to Matrixx stockholders by failing to adequately shop the Company before entering into this transaction and whether H.I.G. is underpaying for Matrixx shares. In particular, at least one analyst set a price target for Matrixx stock at $8.50.
If you own common stock in Matrixx and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/matrixx-mtxx.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
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