Finkelstein Thompson LLP Investigates Potentially Unfair Buyout of Forest Laboratories, Inc.
February 19 2014 - 11:40AM
Business Wire
The law firm of Finkelstein Thompson LLP is investigating
potential claims on behalf of shareholders of Forest Laboratories,
Inc. (NYSE: FRX) (“Forest Labs” or “the Company”), concerning the
Company’s proposed acquisition by Actavis plc. Under the terms of
the proposal, Forest Labs shareholders will receive $26.04 in cash
plus 0.3306 shares of Actavis common stock for each share of Forest
Labs. Based on Actavis’ closing price of $191.88 on Friday,
February 14, 2014, this represents a total consideration of $89.48
per Forest Labs share. At least one analyst has set a target price
of $91.00 for Forest Labs shares. The entire transaction is valued
at approximately $25 billion.
The investigation is focused on whether Forest Labs’ Board of
Directors breached its fiduciary duty in failing to maximize
consideration to shareholders, the potential unfairness of the
consideration to shareholders, the process by which the Board
considered the transaction, and potential conflicts of interest
among the Company’s Board members.
If you are interested in discussing your rights as a Forest Labs
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson’s Washington, DC offices at
(877) 337-1050 or (202) 337-8000, or by email at
contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or
co-counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
website at www.finkelsteinthompson.com. Attorney advertising. Prior
results do not guarantee similar outcomes.
Finkelstein Thompson LLPRosalee B. C. Thomas, 877-337-1050
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