|[July 02, 2014]
Vitacost.com, Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP is investigating potential claims against
the Board of Directors of Vitacost.com, Inc. ("Vitacost" or the
"Company") (NASDAQ:VITC) related to the proposed acquisition of the
Company by The Kroger Co. The transaction is valued at roughly $280
million, or $8 per share.
This investigation concerns whether the Board of Directors of Vitacost
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. The Company has seen substantial
recent growth. Further, at least one analyst has set a target price for
the Company's stock at $10 per share.
If you are a shareholder of VITC, if you have information or would like
more about our investigation, 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 Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at (310) 201-9150
or Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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