Faruqi & Faruqi Investigation: Steiner Leisure Ltd.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Steiner Leisure Ltd. (“Steiner” or the “Company”) (NasdaqGS:STNR) for potential breaches of fiduciary duties in connection with the sale of the Company to Catterton for approximately $834 million in a cash transaction.
The Company’s stockholders will only receive $65.00 for each share of Company common stock they own. . The offer represents a negligible premium over the Company’s opening price per share of $63.80 on August 25, 2015 and is below at least one analyst price target of $67.00 per share.
If you own common stock in Steiner and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F's Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.