Food Technology Service, Inc. Shareholder Alert: Bernstein Liebhard LLP
Announces Investigation of Acquisition by Sterigenics International LLC
NEW YORK, Dec. 6, 2013
NEW YORK, Dec. 6, 2013 /PRNewswire/ --Bernstein Liebhard LLP is investigating
whether the Board of Directors of Food Technology Service, Inc. ("FTSI" or the
"Company") (NASDAQ: VIFL) breached its fiduciary duty to its shareholders in
agreeing to sell FTSI to an affiliate of Sterigenics International LLC.
Under the terms of the agreement, FTSI shareholders will receive $7.23 in cash
for each share they own. The investigation is focused on the potential
unfairness of the price to FTSI shareholders and the process by which the FTSI
Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a FTSI stockholder, with no
obligation or cost to you, please contact U. Seth Ottensoser at:
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and
shareholder rights cases and recovered over $3 billion for its clients. It
has been named to The National Law Journal's "Plaintiffs' Hot List" in each of
the last eleven years.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
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SOURCE Bernstein Liebhard LLP
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