NEW YORK, Oct. 10, 2014 /PRNewswire/ -- Juan E.
Monteverde, a partner at Faruqi & Faruqi, LLP, a leading
national securities firm headquartered in New York City, is investigating the Board of
Directors of Durata Therapeutics Inc. ("Durata" or the "Company")
(NasdaqGM: DRTX) for potential breaches of fiduciary duties in
connection with the sale of the Company to Actavis plc for
approximately $675 million. The
Company's stockholders will only receive $23.00 for each share of Durata common stock they
own, when according to Yahoo! Finance at least one analyst has set
a price target of $26.00 for the
Company. The deal price might be $5.00 higher based on a contingency-milestone
basis.
Click here for more information:
www.faruqilaw.com/DRTX. There is no cost or obligation to
you.
The investigation focuses on whether Durata's Board of Directors
breached their fiduciary duties to the Company's stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of Durata's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
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If you own common stock in Durata and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/DRTX or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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Faruqi, LLP (www.faruqilaw.com). Prior results do not
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matter. We are happy to discuss your particular
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