DURATA THERAPEUTICS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
October 07 2014 - 3:39PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Durata
Therapeutics, Inc. (NASDAQ GM: DRTX)?
- Did you purchase any of your shares
prior to October 6, 2014?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Durata
Therapeutics, Inc. (“Durata” or the “Company”) (NASDAQ GM: DRTX)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Actavis plc (“Actavis”) (NYSE: ACT), in a
transaction valued at approximately $675 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/durata-therapeutics-inc-drtx.
Under the terms of the agreement, public shareholders of Durata
would receive $23.00 in cash, and up to $5.00 per share in a
Contingent Value Right, for each share of Durata they own.
The investigation concerns whether Durata’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Durata’s shareholders before entering into an agreement
with Actavis. According to Yahoo! Finance, at least one analyst has
issued a price target for Durata stock at $26.00 per share.
If you own the common stock of Durata and purchased your shares
before October 6, 2014, 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
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/durata-therapeutics-inc-drtx.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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