Faruqi & Faruqi, LLP Announces Investigation of Adolor Corp.
27 Octobre 2011 - 1:00AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Adolor Corp. (“Adolor” or the “Company”) (NASDAQ:
ADLR) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Cubist
Pharmaceuticals, Inc. (NASDAQ: CBST) in an all-cash deal valued at
about $190 million. Under the terms of the proposed transaction,
Adolor stockholders will receive $4.25 in cash for each share of
Adolor common stock they own. In addition to the upfront cash
payment, each Adolor stockholder will receive an additional
contingent payment of up to $4.50 a share, but only if certain
regulatory approvals and future performance are met. According to
Yahoo! Finance, at least one financial analyst has set a price
target of $8.00 for Adolor. The proposed transaction is structured
as a tender offer and may be effectuated without a shareholder
vote.
Request more information now by clicking here:
www.faruqilaw.com/ADLR
Whether Adolor’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues Adolor’s
shares and by how much this proposed transaction undervalues the
Company to the detriment of Adolor’s shareholders are the key focus
of this investigation.
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 victories on
behalf of the firm’s clients.
If you own common stock in Adolor and wish to obtain additional
information, please visit us at www.faruqilaw.com/ADLR 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.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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