ONYX PHARMACEUTICALS, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiducia...
August 27 2013 - 7:19AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Onyx Pharmaceuticals, Inc. (“Onyx” or the “Company”) (NasdaqGS:
ONXX) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Amgen
(Nasdaq: AMGN).
Click here to learn more about the investigation
http://zlk.9nl.com/onyx-pharmaceuticals-onxx/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Onyx shareholders will
receive $125.00 for each share of Onyx stock they own. The
investigation concerns whether the Onyx Board of Directors breached
their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into this transaction,
and whether Amgen is underpaying for Onyx shares. In particular, at
least one analyst set a price target of $160.00 per Onyx share.
If you and own Onyx common stock 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 visit
http://zlk.9nl.com/onyx-pharmaceuticals-onxx/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. 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 securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
212-363-7171www.zlk.com
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