Law Offices of Howard G. Smith Announces Investigation of Allos Therapeutics, Inc.
July 21 2011 - 4:05PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Allos Therapeutics, Inc. ( “Allos” or the “Company”) (NASDAQ:ALTH)
related to the Company’s agreement to be acquired by Amag
Pharmaceuticals in a proposed transaction where Allos shareholders
will receive 0.1282 per share of Amag stock.
The investigation concerns whether the board of directors of
Allos 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. Under
the terms of the agreement Allos shareholders will receive
approximately $2.44 per share, however analysts have recently
released price targets for Allos that value the company’s stock
between $3.00 and $8.00 per share.
If you are a shareholder of Allos, if you have information or
would like to learn more about these claims, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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