Physicians Formula Holdings, Inc. : Physicians Formula Holdings Inc. (FACE) Is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties
08/17/2012| 08:05pm US/Eastern
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Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Physicians
Formula Holdings Inc. ("Physicians Formula" or the "Company") (NASDAQ:
FACE) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Swander Pace Capital
in an all-cash deal valued at approximately $65 million. Under the terms
of the proposed transaction, Physicians Formula's stockholders will
receive $4.25 in cash for each share of Physicians Formula common stock
they own, while according to Yahoo! Finance, at least one financial
analyst has set a price target of $5.00 for Physicians Formula.
Request more information now by clicking here: www.faruqilaw.com/FACE.
There is no cost or obligation to you.
Whether Physicians Formula'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 the proposed transaction undervalues Physicians Formula's shares
and by how much this proposed transaction undervalues the Company to the
detriment of Physicians Formula's shareholders are the key focus of this
investigation.
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 Physicians Formula and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/FACE
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New
York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: 877-247-4292
Phone: 212-983-9330
© Business Wire 2012
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