|[November 26, 2012]
SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Zhongpin Inc. in Connection with the Sale of the Company to its CEO
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Zhongpin
Inc. ("Zhongpin" or the "Company") (Nasdaq: HOGS) for possible breaches
of fiduciary duty and other violations of state law in connection with
the sale of the Company to its Chairman and Chief Executive Officer, Mr.
Click here to learn how to join the action: http://zlk.9nl.com/zhongpin-inc-hogs
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Zhongpin shareholders will receive
$13.50 for each share of Zhongpin stock they own. The transaction has a
total approxiate value of $418 million. Zhu and his partners in the
deal own approximately 26% of the Company's outstanding shares. The
investigation concerns, among other things, whether the consideration to
be paid to Zhongpin shareholders is unfair, inadequate, and
substantially below the fair or inherent value of Zhongpin. In
particular, Zhongpin has a reported a book value of $14.29 per share for
the most recent quarter.
If you own common stock in Zhongpin and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/zhongpin-inc-hogs.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. The
attorneys at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully
recovered multimillion-dollar damages awards on behalf of investors. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
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