Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of Forest Laboratories, Inc. (“Forest Laboratories”) (NYSE:
FRX) related to the sale of FRX to Actavis PLC in an acquisition valued
at approximately $25 billion. Under the terms of the definitive buyout
agreement, Forest Laboratories shareholders will receive just $26.04 in
cash and 0.3306 Actavis shares for each share of FRX owned. Based on the
trading price of Actavis shares the day prior to the buyout
announcement, the value to Forest Laboratories shareholders is only
$89.48 per share of FRX, which is well below at least one analyst’s
value of $91.00 per share.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The Forest Laboratories’ investigation centers on whether Forest
Laboratories’ Board of Directors is acting in the shareholders’ best
interests, whether the board is properly considering the proposed price
for the shareholders, and whether the board has employed an adequate
process to review and act on the proposed transaction. Notably, at least
one analyst with Yahoo! Finance estimates that FRX shares could be worth
as high as $91.00 per share.
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Patrick Powers, 877-728-9607
Source: Powers Taylor LLP