The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Cephalon, ...
May 02 2011 - 7:34PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Cephalon, Inc. (Nasdaq: CEPH) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to Teva Pharmaceutical Industries Ltd.
(Nasdaq: TEVA). Under the terms of the proposed transaction,
Cephalon shareholders will receive $81.50 in cash per share for a
transaction that has a total enterprise value of approximately $6.8
billion.
The investigation concerns whether the Cephalon Board of
Directors breached their fiduciary duties to Cephalon stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Teva Pharmaceutical Industries Ltd. is
underpaying for Cephalon shares. According to Yahoo! Finance, at
least one analyst placed a price target for Cephalon stock at $92
per share.
If you own common stock in Cephalon and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/cephalon-ceph.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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