SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Anacor Pharmaceuticals, Inc.
May 20 2016 - 10:10PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Anacor Pharmaceuticals, Inc. ("Anacor" or "the Company") (Nasdaq:
ANAC) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Pfizer,
Inc. (“Pfizer”).
Click here to learn more about the investigation
http://brodsky-smith.com/1075-anac-anacor-pharmaceuticals-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Anacor shareholders will
receive only $99.25 in cash for each share of Anacor stock they
own. The investigation concerns whether the Board of Anacor
breached their fiduciary duties to shareholders and whether Pfizer
is underpaying for the Company. The transaction may undervalue the
Company and would result in a substantial loss for many Anacor
shareholders. For example, Anacor stock traded at $152.25 per share
on August 4, 2015 and an analyst has set a price target for Anacor
stock at $130.00 per share.
If you own shares of Anacor stock and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1075-anac-anacor-pharmaceuticals-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160520005925/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/1075-anac-anacor-pharmaceuticals-inc.html
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