NEW YORK, Oct. 17, 2011 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Anadys
Pharmaceuticals Inc. ("Anadys" or the "Company") (NASDAQ: ANDS) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Roche Holding AG.
Under the terms of the transaction, Anadys shareholders will
receive $3.70 in cash per share of
Anadys stock they own. The transaction is valued at approximately
$230 million.
Click here to learn more about the investigation:
http://zlk.9nl.com/anadys-pharmaceuticals/, or call:
877-363-5972.
The investigation concerns whether the Anadys Board of Directors
breached their fiduciary duties to Anadys stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Roche Holding AG is underpaying for Anadys
shares, thus unlawfully harming Anadys stockholders. Roche
has said that the proposed acquisition would boost its own
portfolio of hepatitis C drugs, which include Pegasys and Copegus.
While the deal is priced at $3.70 per
share, at least one analyst has set a price target for the stock of
$4.00 per share.
If you own common stock in Anadys 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://www.zlk.com.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP