Law Firm Brower Piven Announces Investigation of Forest Laboratories, Inc. Proposed Buyout

The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Forest Laboratories, Inc. (“Forest” or the “Company”) (NYSE: FRX) and other violations of state law by the board of directors of Forest relating to the proposed buyout of the Company by Actavis plc.

Under the terms of the transaction, Forest shareholders will receive $26.04 in cash and 0.3306 of an Actavis share for each share of Forest stock they own, representing a value of approximately $89.48 in cash. The firm’s investigation seeks to determine, among other things, whether the board of directors of Forest breached their fiduciary duties by failing to maximize shareholder value.

If you currently own common stock of Forest and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Brower Piven, A Professional CorporationStevenson, MarylandCharles J. Piven, 410-415-6616hoffman@browerpiven.com

Forest Road Acquisition (NYSE:FRX)
Historical Stock Chart
From Jun 2024 to Jul 2024