Maidenform (MFB) Buyout Shareholder Lawsuit
Maidenform (MFB) buyout summary
Maidenform (MFB) announced that it entered into a definitive merger agreement with HanesBrands. Under the terms of the agreement, public shareholders of Maidenform will receive $23.50 per share in cash for each share of Maidenform they own.
The law offers a mechanism for Maidenform shareholders to challenge the fairness of the proposed transaction
If you are a Maidenform shareholder and would like to learn more about your rights to challenge the Maidenform merger, please complete the web form on this page or call George Pressly, Esq. at 1-(800) 631-6234.
The Maidenform board of directors has explicit duties to MFB shareholders during the acquisition process
- Is $23.50 per share fair value for Maidenform shareholders?
- Has the MFB board of directors obtained a fair and independent appraisal?
- Will all going-forward compensation packages for current Maidenform executives been properly disclosed in the proxy statement?
- Has the board of directors properly shopped the company to potential additional suitors?
Maidenform (MFB) merger review may turn into shareholder class action lawsuit
Maidenform shareholders can employ a state law procedure that could force senior management and the board of directors to more adequately disclose the complete terms and conditions of the Maidenform merger. We are investigating whether the proposed transaction is fair to Maidenform shareholders. The investigation concerns whether the Maidenform’s board of directors’ process for consideration of the proposed transaction was adequate, whether Maidenform is acting in its shareholders’ best interests and whether the proposed share price to be paid to Maidenform shareholders is fair and adequate.
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