Feihe International Inc (NYSE:ADY) Investor Investigation of Takeover Offer By CEO Announced

If you purchased shares of the Feihe International Inc (NYSE:ADY) prior to October 3, 2012, and currently hold any of those NYSE:ADY shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Feihe International
Affected Securities: 

Oct. 03, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in Feihe International Inc (NYSE:ADY) shares was announced concerning whether the offer to acquire Feihe International Inc at $7.40 per NYSE:ADY share and the takeover process are unfair to investors in NYSE:ADY shares.

The investigation by a law firm concerns whether certain officers and directors of Feihe International Inc breached their fiduciary duties owed to NYSE:ADY investors in connection with the proposed acquisition.

On October 3, 2012, -- Feihe International, Inc. (NYSE: ADY) announced that its Board of Directors has received a preliminary, non-binding proposal letter dated October 3, 2012 from Mr. You-Bin Leng, the Company's Chairman and Chief Executive Officer, and an affiliate of Morgan Stanley Private Equity Asia, the private equity arm of Morgan Stanley, to acquire all of the outstanding shares of common stock of the Company not currently owned by Mr. Leng (and possibly other rollover shareholders) in a going private transaction for $7.40 per share of common stock in cash, subject to certain conditions.
However, at least one analyst has set the high target price for NYSE:ADY shares at $9.00 per share.

Therefore the investigation a law firm concerns whether the proposed transaction is unfair to NYSE:ADY stockholders. Specifically, the investigation focuses on whether the Feihe International Board of Directors will undertake an adequate sales process, adequately shops the company before entering into the transaction, maximizes shareholder value by negotiating the best price, and acts in the shareholders' best interests in connection with the proposed sale.