NEW YORK, Oct. 24, 2011 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Adolor Corp.
("Adolor" or the "Company") (NASDAQ: ADLR) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to Cubist Pharmaceuticals Inc. (NASDAQ:
CBST). Under the terms of the transaction, Adolor
shareholders will receive $4.25 and
one Contingent Payment Right (CPR) per share of Adolor stock they
own. The CPR entitles each holder to additional cash payment
of up to $4.50 per share if certain
regulatory approvals are met. The acquisition is valued at as
much as $415 million, net of Adolor's
third-quarter cash balance.
Click here to learn how to join the action:
http://zlk.9nl.com/adolor/, or call: 877-363-5972.
The investigation concerns whether the Adolor Board of Directors
breached their fiduciary duties to Adolor stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Cubist Pharmaceuticals, Inc. is underpaying
for Adolor shares, thus unlawfully harming Adolor stockholders.
If you own common stock in Adolor and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or
http://www.zlk.com/adolor-adlr.html.
Levi & Korsinsky is a national firm with offices in
New York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP