YONGYE INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Yongye International, Inc
YONGYE INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Yongye International, Inc. (YONG) over the Proposed Sale of the Company to Full Alliance International Limited
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Yongye International, Inc.
NEW YORK--(BUSINESS WIRE)-- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Yongye International, Inc. ("Yongye" or the "Company") (NasdaqGS:YONG) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Full Alliance International, Inc. in a cash deal valued at approximately $339 million. Under the terms of the proposed transaction, Yongye's stockholders will receive $6.69 for each share of Yongye common stock they own. However, the Company's total cash per share is already $5.02 while its book value is $10.03 per share. Thus, the proposed buyout price is a steep discount from the Company's combined cash and book value.
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The investigation focuses on whether Yongye's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Yongye's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.
If you own common stock in Yongye and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/YONG or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: 877-247-4292
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