Dive Summary:

• The Shareholders Foundation is asserting that a current Maidenform Brands stockholder has filed suit to block the recent acquisition of the company by Hanesbrands.
• The plaintiff is contending that that the acquisition was completed under unfair terms due to an unfair process, alleging that the deal undervalued the intrinsic worth of the company.
• Maidenforms Brands agreed to the buyout at 23.50 per share, a 30% premium to the average recent closing price within the past 30 days of trading.

From the article:

... Shares traded in April 2012 as high as $23.77 and in April 2011 as high as $31.66 per share. The plaintiff is also pointing to Maidenform Brands' financial performance, which went from $466.25 million for the 52-week-period ended Jan. 2, 2010 to $600.28 million for the 52-week-period ended Dec. 29, 2012. ...