Investigation of Vitacost.com, Inc.
Smithtown, New York – July 7, 2014
The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of Vitacost.com, Inc. (NASDAQ GS: VITC) for possible breaches of fiduciary duties and other violations of law in connection with Vitacost.com, Inc.’s agreement to be acquired by Kroger Co. (NYSE: KR).
Under the terms of the agreement, public shareholder of Vitacost.com, Inc. (“Vitacost”) would receive $8.00 in cash for each share of Vitacost they own.
The investigation concerns whether Vitacost’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Vitacost’s stockholders would be fair and adequate, and whether Vitacost is acting in its stockholders’ best interests.