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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Matrixx Initiatives, Inc., in Connection wi

  //health-fitness.news-articles.net/content/2010/ .. of-matrixx-initiatives-inc-in-connection-wi.html
  Published in Health and Fitness on Tuesday, December 14th 2010 at 16:40 GMT by Market Wire

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Matrixx Initiatives, Inc. (aMatrixxa or the aCompanya) (NASDAQ:MTXX) related to the Companya™s agreement to be acquired by investment funds managed by H.I.G. Capital, LLC (aH.I.G.a), a private equity firm. The proposed going-private transaction is valued at approximately $75 million.

Under the terms of the definitive merger agreement entered into by the parties, affiliates of H.I.G. will commence a cash tender offer to purchase all of the outstanding shares of Matrixx common stock, and the associated preferred stock purchase rights, for $8.00 per share. The tender offer is expected to commence on December 22, 2010, and expire on the 20th business day following and including the commencement date, unless extended in accordance with the terms of the merger agreement. The board of directors of Matrixx has unanimously approved the proposed transaction. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by the Matrixx board of directors.

If you are a shareholder of Matrixx, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].