FGX International Ltd Merger Litigation (Nasdaq: FGXI)
Law Office of Brodsky & Smith, LLC Announces Investigation of FGX International Holdings Ltd.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of FGX International Holding Ltd (“FGX” or the “Company”) (Nasdaq: FGXI – News) related to the proposed acquisition by Essilor International.
Under the terms of the transaction, FGX stockholders will receive $19.75 in cash for each share of FGX common stock they own. The transaction is valued at approximately $465 million. The investigation concerns whether the board breached their fiduciary duties by agreeing to an unfair or inadequate share price and various deal protections that may prevent other superior offers. These protections include a termination fee of $18.3 million
If you are a FGX shareholder and wish to discuss the legal ramifications of the Board’s actions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, 9595 2 Bala Cynwyd, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
To Join the FGX International Ltd Litigation
Fill out this form
The complaint is unavailable at this time