Synutra International, Inc. (NASDAQ:SYUT) Investor Investigation Over Potential Wrongdoing In Connection With Takeover Offer Announced

Investors who purchased shares of Synutra International, Inc. (NASDAQ:SYUT) and currently hold any of those NASDAQ:SYUT 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): 
Synutra
Affected Securities: 
NASDAQ: SYUT

January 15, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Synutra International, Inc. (NASDAQ:SYUT), was announced concerning whether the takeover of Synutra International, Inc. is unfair to NASDAQ:SYUT stockholders.

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

On January 15, 2016, Synutra International, Inc. (NASDAQ:SYUT) announced that its board of directors has received a non-binding proposal letter, dated January 14, 2016, from Mr. Liang Zhang , Chairman and chief executive officer of Synutra International, Inc. (NASDAQ:SYUT), and an affiliated entity of his (together with Mr. Zhang, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all of the outstanding common stock (the "Shares") of the Company not already owned by the Buyer Group for US$5.91 in cash per Share, subject to certain conditions.

However, given that at least one analyst has set the high target price for NASDAQ:SYUT shares at $6.74 per share and given that NASDAQ:SYUT shares traded in June 2015 as high as $7.78 per share in the open market, the
investigation concerns whether the offer is unfair to NASDAQ:SYUT stockholders. More specifically, the investigation concerns whether the Synutra International Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Synutra International, Inc. reported that its Total Revenue rose from $265.77 million for the 12 months period that ended on March 31, 2013 to $413.94 million for the 12 months period that ended on March 31, 2015 and that its Net Loss of $63.89 million for the 12 months period that ended on March 31, 2013 turned into a Net Income of $69.53 million for the 12 months period that ended on March 31, 2015.

Synutra International, Inc. (NASDAQ:SYUT) closed on January 15, 2016, at $4.85 per share.